F-Secure is a Finnish, globally operating cybersecurity company. The parent company of the Group is F-Secure Corporation incorporated in Finland and domiciled in Helsinki, Finland. The company\u2019s registered address is Tammasaarenkatu 7, 00180 Helsinki. F-Secure operates globally with presence in multiple locations, and its headquarters is located in Helsinki.
F-Secure Corporation formed a separate legal group (\u201cF-Secure\u201d, the \u201cGroup\u201d) as of 30 June 2022 when all assets and liabilities of the Consumer Security Business were transferred from WithSecure Corporation (\u201cWithSecure\u201d) to a company incorporated in connection with the partial demerger (\u201cDemerger\u201d) and named F-Secure Corporation (\u201cF-Secure\u201d). The trading in F-Secure\u2019s shares on Nasdaq Helsinki began 1 July 2022.
A copy of consolidated financial statements can be downloaded on www.f-secure.com or can be received from the parent company\u2019s registered address. These financial statements were authorized for issue by the Board of Directors on 25 February 2026.
F-Secure designs and offers security and privacy products and services that help millions of consumers to protect themselves against online threats. F-Secure\u2019s offering includes a comprehensive range of security and privacy products and services related to endpoint security, privacy protection, password management and digital identity protection, and router security that protects consumers\u2019 entire connected home. The majority of F-Secure\u2019s sales come from selling products and services through its extensive and global Channel Partner network, including approximately 200 Channel Partners. Channel Partners include, for example, communication service providers, retailers, banks, and insurance companies. In addition to selling products through Channel Partners, F-Secure makes standalone and all-in-one security offerings available to consumers through various e-commerce channels such as mobile application stores and its own online store.
The consolidated financial statements for the year ended 31 December 2025 have been prepared for the purpose of presenting the financial position, results of operations and cash flows of F-Secure on a consolidated basis. The consolidated financial statements of F-Secure Corporation of 2025 have been prepared in accordance with IFRS Accounting Standards, applying the IAS and IFRS accounting standards as well as SIC and IFRIC interpretations that were in force and had been approved by the EU by 31 December 2025. In addition, accounting and limited liability company legislation and official regulations of Finland have been considered in the preparation of the consolidated financial statements.
F-Secure also publishes its financial statements in XHTML format in accordance with the European Single Electronic Format (ESEF) reporting requirements. In line with the ESEF requirements, the primary financial statements have been labelled with XBRL tags. Notes to financial statements have been labelled with XBRL block tags.
The consolidated financial statements have been prepared on a going concern basis and management has not recognized any material uncertainties related to continuity of operations.
The financial information is presented in thousands of euros unless otherwise stated. All figures have been rounded which may cause the sum of individual figures to deviate from the sum of the presented line-item totals.
Global economic instability, geopolitical tensions, and shifts in trade policies expose F-Secure to risks and uncertainties in its operating environment. Geopolitical instability has increased uncertainty and the risk of unexpected economic disruptions. For example, the war in Ukraine has caused some exceptional consequences to the cybersecurity landscape. These factors could adversely impact on the company\u2019s operations, financial performance, and financial position.
Operations outside the eurozone expose F-Secure to currency fluctuation risks. Exchange rate changes could adversely affect F-Secure's financial position, key figures, and covenants. F-Secure may also be indirectly affected by escalating trade tariffs that could increase inflation, reduce purchasing power, or negatively affect consumers and channel partners.
Despite mitigating factors, if these risks materialize, they may disrupt F-Secure's operations, employees, markets, suppliers, and customers. Such disruptions could materially impact demand. Prolonged reduced demand or adverse business performance could negatively affect the valuation of non-current assets, including deferred tax assets and goodwill.
Accounting principles applied in F-Secure\u2019s financial statements.
The preparation of consolidated financial statements requires use of estimates and assumptions as well as use of judgment when applying accounting principles. These affect the contents of the financial statements, and it is possible that actual results may differ from estimates.
Estimates made in connection with preparation of financial statements are based on management\u2019s best knowledge at the reporting date. Estimates build upon past experience as well as assumptions of future development of economic environment of the Group. Revisions in estimates and assumptions are recognized in the period they occur and in future periods if the revision affects both current and future periods.
The following areas require significant judgement and estimation:
Impairment testing: Recoverable amount of goodwill from acquisitions is based on present value of estimated future cash flows which are subject to management judgment. In addition to goodwill the intangible assets that are not yet ready for use are tested annually for impairment. The recoverable amount of these assets is based on estimated future cash flows from sales and/or use of the asset.
Expected credit losses: Management applies expected credit loss model to assess accounts receivable. Credit losses are estimated based on aging category as well as individual assessment. The allowance for expected credit losses in F-Secure\u2019s statement of financial position is EUR 412 thousand as at 31 December 2025 (See Note 16 Financial assets).
Deferred tax assets from tax losses: The Group has recognized a total of EUR 141 thousand deferred tax assets related to tax losses carried forward in Spain and Slovakia at 31 December 2025 (See Note 22 Deferred tax). Recognition of the deferred tax assets is based on the Group's assessment that sufficient future taxable profits will be available against which the tax losses can be utilized.
Share-based payments: The Group\u2019s share-based incentives programs are mainly tied to market-based conditions. Management uses external valuations in determining the fair value of the shares granted under these incentive programs. The method for the valuation is either Monte Carlo Simulation or Cox, Ross & Rubenstein method.
Provisions: The amount of provision is the best estimate of the cost required to settle the obligation at the reporting date. Provisions are reviewed on a regular basis and adjusted when necessary.
The consolidated financial statements incorporate the financial statements of F-Secure Corporation and entities controlled by F-Secure Corporation. Consolidation is done using the acquisition method and begins when control over the subsidiary is obtained. The consolidation stops when the control ceases. The Group does not have any associated companies nor is there any non-controlling interest in the Group.
All intra-group transactions and balances, including unrealized profits arising from intra-group transactions, have been eliminated on consolidation. Where necessary, accounting policies of the subsidiaries have been adjusted to ensure consistency with the policies adopted by the Group.
The financial statements are presented in euros, which is the functional and presentation currency of F-Secure\u2019s parent company. At each reporting date for the purpose of presenting financial statements, the income statements of foreign Group companies are translated at the average exchange rates for the reporting period and the balance sheets are translated using the European Central Bank\u2019s exchange rates prevailing on the reporting date. Foreign currency transactions are translated using the exchange rates prevailing at the dates of the transactions. Exchange rate gains and losses are recognized in financial items in the statement of comprehensive income.
F-Secure provides a comprehensive range of cybersecurity products and services related to endpoint protection, privacy protection, digital identity protection and security for all consumers\u2019 connected devices at home. Revenue derives from the sale of security products and services through partner and direct (ecommerce) channels. Majority of revenue comes from the sale of cybersecurity products through the partner channel. F-Secure also sells consumer products through various retail partners, as well as F-Secure\u2019s own web shop. Partner channel sells Security Suite and Embedded Security products whereas direct channel sells Security Suite products.
F-Secure\u2019s cybersecurity products are sold as Security-as-a-Service. Customers are granted access to use the intellectual property during the license period and they are provided with access to continuously updated software. All software and the accompanied services F-Secure provides are highly interdependent and therefore treated as one performance obligation for which revenue is recognized over time on a straight-line basis for license period despite the sales channel.
Partner channel customers can have different invoicing depending on the customer agreement. Majority of the agreements are licenses fees \u2013 either Security Suite or Embedded Security \u2013 which are provided as a continuous service, when they are invoiced and revenue is recognized each month. Some agreements are for a fixed term. These agreements are invoiced upfront (e.g., annually), and the revenue is recognized over the contract period. Non-recurring revenue, which e.g. relates to custom built integration, is usually invoiced in the beginning of the agreement period and revenue is recognized over time on a straight-line basis for the contract period.
Direct channel selling Security Suite products is usually invoiced fully upfront for the license period and the revenue is recognized over time on a straight-line basis for the license period. The typical length of a license period is 12, 24, or 36 months.
Generally, the term between invoicing and when payment is due is not significant.
All of F-Secure\u2019s pension arrangements are defined contribution plans. Contributions to defined contribution plans are recognized in the statement of comprehensive income in the period to which the contributions relate.
Leases are recorded in the balance sheet as right-of-use asset with a corresponding lease liability. Right-of-use assets and lease liabilities are initially measured at the present value of the remaining lease payments. An incremental borrowing rate is applied in discounting the remaining payments. F-Secure\u2019s incremental borrowing rate varies between 1.45% and 6.9% depending on geographical location of the leased asset and lease period, and the rate of 3.75% applies to the majority of the right-of-use assets.
Changes in estimates are accounted for at each reporting date. In measuring the present value of the liabilities arising from leases, any service-related fees are excluded from the lease payment. F-Secure\u2019s lease contracts do not contain residual value guarantees or purchase options. The estimated duration for on-going contracts varies between 1 to 5 years and the total liability from on-going contracts is EUR 5,065 thousand (EUR 1,210 thousand) (see Note 5 Leases and Note 20 Financial liabilities).
The income tax expense in statement of comprehensive income represents the sum of current taxes and deferred taxes. Current taxes are calculated on the taxable income for all Group companies in accordance with the local tax rules. Deferred taxes, resulting from temporary differences between the financial statement and the income tax basis of assets and liabilities, use the enacted tax rates in effect in the years in which the differences are expected to reverse. Deferred tax assets are recognized to the extent that it is probable that future taxable profit will be available. Deferred tax liabilities are recognized for all temporary differences.
Deferred tax assets and liabilities are offset when there is a legally enforceable right to set off current tax assets against current tax liabilities and when they relate to the same taxation authority and the Group intends to settle the assets and liabilities on a net basis.
Acquisition method is used for accounting the acquisition of businesses. The consideration transferred in a business combination is measured at fair value, which is calculated as the sum of the acquisition date fair values of assets transferred by the Group and liabilities incurred by the Group to the former owners of the acquiree. Costs related to the acquisition are recognized in profit and loss statement. The identifiable assets acquired and the liabilities assumed are recognized at fair value at the acquisition date except for deferred tax assets or liabilities which are measured in accordance with IAS 12 Income taxes. Goodwill is measured as the excess of the transferred consideration over the net amount of the acquired identifiable assets and assumed liabilities.
Goodwill is initially recognized and measured in business combinations as set out above. Goodwill is not amortized but is instead tested for impairment at least annually and whenever there is an indication that it may be impaired. For the purpose of impairment testing goodwill has been allocated to cash generating unit (CGU) expected to benefit from the synergies of the combination. If the recoverable amount of the cash generating unit is less than the carrying amount of the unit, the impairment loss is allocated first to reduce the carrying amount of any goodwill allocated to the unit and then to the other assets of the unit. If an impairment loss for goodwill is recognized it will not be reversed in the subsequent periods. Goodwill is recorded at historical cost less accumulated impairment losses. F-Secure has only one CGU which consists of F-Secure's total business and the carrying amount of goodwill is allocated to this CGU.
Research expenditure is recognized as an expense at the time it is incurred. Development expenditure on new products or product versions with significant new features are recognized as intangible assets when F-Secure has the technical feasibility to complete the asset, has the ability and intention to use or sell the asset; can demonstrate that the asset will generate future economic benefits; has resources available to complete the asset; and has the ability to measure reliably the expenditure during development.
Development assets relate to developing new products and services or developing essential improvements for products and services. Amortization is recorded once the asset is ready on a straight-line basis over the estimated useful life, which is 3-5 years for these assets. These assets are reported either under Capitalized development or under Advance payments & incomplete development in Note 14 Non-current asset.
Intangible assets acquired in business combinations and recognized separately from goodwill are initially recognized at fair value on the acquisition date. Subsequent to initial recognition these assets are reported at initial value less accumulated amortization and accumulated impairment losses. Intangible assets acquired in business combinations include technology and customer relationships, which all have a finite useful life. These assets are reported under Intellectual property and Other intangibles (see Note 14 Non-current asset). The estimated useful lives for intangible assets acquired in business combinations are:
Technology 15 years
Customer relationships 5\u201315 years
Other intangible assets include intangible rights and software licenses, all with a finite useful life. Other intangible assets include also partially or completely internally developed intangible assets which e.g. relate to platforms. Other intangible assets are recorded at historical cost less accumulated amortization and possible impairment. Amortization is recorded on a straight-line basis over the estimated useful life, which is 3\u20135 years for these assets.
Tangible assets are recorded at historical cost less accumulated depreciation and possible impairment. Depreciation is recorded on a straight-line basis over the estimated useful life of an asset. The estimated useful lives of tangible assets are as follows:
Machinery and equipment 2\u20135 years
Other tangible assets 2\u20135 years
At each reporting date, or more frequently if needed, F-Secure assesses whether there is any indication that an asset may be impaired. Where an indicator of impairment exists, F-Secure makes a formal estimate of the recoverable amount. The recoverable amount of goodwill and intangible assets that are not ready for use are estimated annually regardless of whether any indication of impairment exists. The intangible assets that are not ready for use are software projects which cannot be assessed on its own because they don\u2019t have independent cash flow. If it is stated at the end of reporting period that the projects are finalized and will be taken in use, there is no need for impairment testing. Intangible assets that are not ready for use are tested as part of F-Secure's single cash generating unit. Where the carrying amount of an asset exceeds its recoverable amount, the asset is considered impaired and the carrying amount is reduced to its recoverable amount. The recoverable amount is the fair value of an asset less costs of disposal or value in use, whichever is higher. An impairment loss is recorded in the statement of comprehensive income.
A previously recognized impairment loss is reversed only if there has been a change in the estimates used to determine the asset\u2019s recoverable amount since the last impairment loss was recognized. The maximum reversal of an impairment loss amounts to no more than the carrying amount of the asset if no impairment loss had been recognized, net of depreciation.
Inventories are measured at the lower of cost and net realizable value. Cost is determined by the first-in first-out method. Net realizable value is the estimated selling price that is obtainable, less estimated costs of completion and the estimated costs necessary to make the sale.
Financial instruments are originally measured at fair value. Subsequentially, financial assets are classified into the following categories: at amortized cost or fair value through profit and loss. The classification is made at the time of acquisition and is based on the cash flow characteristics and the business model of managing the financial asset. Financial liabilities are subsequentially classified and recognized at amortized cost or at fair value through profit and loss.
Financial instruments measured at fair value through profit and loss include derivative instruments to which hedge accounting is not applied. Realized and unrealized gains or losses arising from changes in fair values are recognized in the profit and loss in the period in which they incur.
According to F-Secure\u2019s treasury policy, company may enter derivative contracts to hedge against exchange rates and interest rates fluctuations. Company has no outstanding derivative contracts on the reporting date 31.12.2025.
Financial instruments are classified as current financial instruments unless the maturity exceed 12 months from the end of the reporting period.
Cash and cash equivalents, interest-bearing receivables and trade receivables are considered as financial assets. Financial assets are originally measured at fair value. Cash and cash equivalents in the balance sheet comprise cash at bank, deposits held at bank, and other highly liquid short-term investment with original maturity less than 3 months. Interest-bearing receivables are measured at amortized cost.
Trade receivables are originally measured with transaction price and later with amortized cost reduced by an expected credit loss for trade receivables. Trade receivables and other receivables are written off from the balance sheet as the rights to associated cash flows end or become transferred to the counterparty. An expected credit loss is recognized for trade receivables according to IFRS 9, Financial Instruments. The amount of expected credit loss is updated at each reporting date to reflect changes in credit risk since initial recognition of the respective financial instrument. The expected credit loss is estimated using a provision matrix where trade receivables are grouped based on historical credit loss experience and characteristics that depict the credit risk of receivables (e.g. geographical area and days past due).
F-Secure classifies bank loans, trade payables, lease liabilities and other interest-bearing liabilities as financial liabilities. Bank loans are initially recognized at the fair value of consideration plus directly attributable transaction costs. After initial recognition, bank loans are measured at amortized cost using the effective interest method. Other financial liabilities are measured at amortized cost.
Provisions are recognized when F-Secure has a present obligation (legal or constructive) as a result of a past event, the outflow of resources is probable, and a reliable estimate of the amount of the obligation can be made. The amount recognized is a best estimate of the consideration required to settle the obligation at each reporting date. Risks and uncertainties are taken into account when making the estimate.
As at 31 December 2025, management has recognized a provision of EUR 425 thousand related to legal expenses and EUR 215 thousand (EUR 1,427 thousand) related to restructuring. See Note 23 Other liabilities .
F-Secure provides incentives to employees in the form of equity-settled share-based instruments. F-Secure\u2019s share-based incentive programs are targeted to F-Secure\u2019s key personnel. The programs are equity-settled. Equity-settled program is valued at fair value at grant date, and the expense is recognized evenly in the statement of comprehensive income over the vesting period with the counter-entry in retained earnings. In programs with market based conditions, the fair value is determined by utilizing commonly used valuation techniques. If a person leaves the company before vesting, the reward is forfeited. F-Secure updates its estimate of the ultimate number of shares at each reporting date. These changes in the estimate are recorded in the statement of comprehensive income.
Classification of expenses by function has been made by presenting direct expenses in their respective functions.
IAS 1, Presentation of Financial Statements, does not define the concept of Earnings before interest and taxes (EBIT). F-Secure has defined it as follows: EBIT is the net amount, which consists of revenue and other operating income less cost of revenue, personnel costs, depreciation and amortization, possible impairment losses, and other operating expenses.
New or amended standards or interpretations are not expected to have an impact on the financial statements.
New IFRS standard \"IFRS18 Presentation and disclosure in Financial Statements\" will impact presentation and disclosure in financial statements. The structure of the statement of profit or loss will change and at the same time certain related measures, i.e. management-defined performance measures.
The adoption of IFRS 18 standard is expected to have a limited impact on our financial statements. The most significant change relates to the presentation of foreign exchange gains and losses, which will be reclassified from financing activities mostly to operating profit. However, we expect this impact to be relatively immaterial.
Additionally, the new standard will require changes to F-Secure's cash flow statement presentation to align with the new income statement categories introduced by IFRS 18. These changes are presentational in nature and will not affect our cash generation or underlying financial performance.
We anticipate that current Alternative Performance Measures (APMs) will largely transition to Management Performance Measures (MPMs) under the new standard, maintaining consistency in how we communicate our financial performance to stakeholders.
", "dimensions": { "concept": "ifrs-full:DisclosureOfBasisOfPreparationOfFinancialStatementsExplanatory", "language": "en", "entity": "scheme:9845006BFDJF0375E466", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "principalplaceofbusiness-inlinetag-i5457": { "value": "globally", "dimensions": { "concept": "ifrs-full:PrincipalPlaceOfBusiness", "language": "en", "entity": "scheme:9845006BFDJF0375E466", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "nameofparententity-inlinetag-i5458": { "value": "F-Secure Corporation", "dimensions": { "concept": "ifrs-full:NameOfParentEntity", "language": "en", "entity": "scheme:9845006BFDJF0375E466", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "countryofincorporation-inlinetag-i5459": { "value": "Finland", "dimensions": { "concept": "ifrs-full:CountryOfIncorporation", "language": "en", "entity": "scheme:9845006BFDJF0375E466", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "addressofregisteredofficeofentity-inlinetag-i5460": { "value": "Tammasaarenkatu 7, 00180 Helsinki", "dimensions": { "concept": "ifrs-full:AddressOfRegisteredOfficeOfEntity", "language": "en", "entity": "scheme:9845006BFDJF0375E466", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "domicileofentity-inlinetag-i5461": { "value": "Helsinki.", "dimensions": { "concept": "ifrs-full:DomicileOfEntity", "language": "en", "entity": "scheme:9845006BFDJF0375E466", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "legalformofentity-inlinetag-i5462": { "value": "Corporation", "dimensions": { "concept": "ifrs-full:LegalFormOfEntity", "language": "en", "entity": "scheme:9845006BFDJF0375E466", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "nameofreportingentityorothermeansofidentification-inlinetag-i5463": { "value": "F-Secure", "dimensions": { "concept": "ifrs-full:NameOfReportingEntityOrOtherMeansOfIdentification", "language": "en", "entity": "scheme:9845006BFDJF0375E466", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "p-blocktag-i5464": { "value": "A copy of consolidated financial statements can be downloaded on www.f-secure.com or can be received from the parent company\u2019s registered address. These financial statements were authorized for issue by the Board of Directors on 25 February 2026.
", "dimensions": { "concept": "ifrs-full:DisclosureOfAuthorisationOfFinancialStatementsExplanatory", "language": "en", "entity": "scheme:9845006BFDJF0375E466", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "descriptionofnatureofentitysoperationsandprincipalactivities-inlinetag-i5465": { "value": "F-Secure designs and offers security and privacy products and services that help millions of consumers to protect themselves against online threats. F-Secure\u2019s offering includes a comprehensive range of security and privacy products and services related to endpoint security, privacy protection, password management and digital identity protection, and router security that protects consumers\u2019 entire connected home. The majority of F-Secure\u2019s sales come from selling products and services through its extensive and global Channel Partner network, including approximately 200 Channel Partners. Channel Partners include, for example, communication service providers, retailers, banks, and insurance companies. In addition to selling products through Channel Partners, F-Secure makes standalone and all-in-one security offerings available to consumers through various e-commerce channels such as mobile application stores and its own online store.", "dimensions": { "concept": "ifrs-full:DescriptionOfNatureOfEntitysOperationsAndPrincipalActivities", "language": "en", "entity": "scheme:9845006BFDJF0375E466", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "p-blocktag-i5466": { "value": "The consolidated financial statements for the year ended 31 December 2025 have been prepared for the purpose of presenting the financial position, results of operations and cash flows of F-Secure on a consolidated basis. The consolidated financial statements of F-Secure Corporation of 2025 have been prepared in accordance with IFRS Accounting Standards, applying the IAS and IFRS accounting standards as well as SIC and IFRIC interpretations that were in force and had been approved by the EU by 31 December 2025. In addition, accounting and limited liability company legislation and official regulations of Finland have been considered in the preparation of the consolidated financial statements.
", "dimensions": { "concept": "ifrs-full:StatementOfIFRSCompliance", "language": "en", "entity": "scheme:9845006BFDJF0375E466", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "p-blocktag-i5467": { "value": "The consolidated financial statements have been prepared on a going concern basis and management has not recognized any material uncertainties related to continuity of operations.
", "dimensions": { "concept": "ifrs-full:DisclosureOfGeneralInformationAboutFinancialStatementsExplanatory", "language": "en", "entity": "scheme:9845006BFDJF0375E466", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "p-blocktag-i5468": { "value": "The consolidated financial statements have been prepared on a going concern basis and management has not recognized any material uncertainties related to continuity of operations.
", "dimensions": { "concept": "ifrs-full:DisclosureOfGoingConcernExplanatory", "language": "en", "entity": "scheme:9845006BFDJF0375E466", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "section-blocktag-i5469": { "value": "Accounting principles applied in F-Secure\u2019s financial statements.
The preparation of consolidated financial statements requires use of estimates and assumptions as well as use of judgment when applying accounting principles. These affect the contents of the financial statements, and it is possible that actual results may differ from estimates.
Estimates made in connection with preparation of financial statements are based on management\u2019s best knowledge at the reporting date. Estimates build upon past experience as well as assumptions of future development of economic environment of the Group. Revisions in estimates and assumptions are recognized in the period they occur and in future periods if the revision affects both current and future periods.
The following areas require significant judgement and estimation:
Impairment testing: Recoverable amount of goodwill from acquisitions is based on present value of estimated future cash flows which are subject to management judgment. In addition to goodwill the intangible assets that are not yet ready for use are tested annually for impairment. The recoverable amount of these assets is based on estimated future cash flows from sales and/or use of the asset.
Expected credit losses: Management applies expected credit loss model to assess accounts receivable. Credit losses are estimated based on aging category as well as individual assessment. The allowance for expected credit losses in F-Secure\u2019s statement of financial position is EUR 412 thousand as at 31 December 2025 (See Note 16 Financial assets).
Deferred tax assets from tax losses: The Group has recognized a total of EUR 141 thousand deferred tax assets related to tax losses carried forward in Spain and Slovakia at 31 December 2025 (See Note 22 Deferred tax). Recognition of the deferred tax assets is based on the Group's assessment that sufficient future taxable profits will be available against which the tax losses can be utilized.
Share-based payments: The Group\u2019s share-based incentives programs are mainly tied to market-based conditions. Management uses external valuations in determining the fair value of the shares granted under these incentive programs. The method for the valuation is either Monte Carlo Simulation or Cox, Ross & Rubenstein method.
Provisions: The amount of provision is the best estimate of the cost required to settle the obligation at the reporting date. Provisions are reviewed on a regular basis and adjusted when necessary.
The consolidated financial statements incorporate the financial statements of F-Secure Corporation and entities controlled by F-Secure Corporation. Consolidation is done using the acquisition method and begins when control over the subsidiary is obtained. The consolidation stops when the control ceases. The Group does not have any associated companies nor is there any non-controlling interest in the Group.
All intra-group transactions and balances, including unrealized profits arising from intra-group transactions, have been eliminated on consolidation. Where necessary, accounting policies of the subsidiaries have been adjusted to ensure consistency with the policies adopted by the Group.
The financial statements are presented in euros, which is the functional and presentation currency of F-Secure\u2019s parent company. At each reporting date for the purpose of presenting financial statements, the income statements of foreign Group companies are translated at the average exchange rates for the reporting period and the balance sheets are translated using the European Central Bank\u2019s exchange rates prevailing on the reporting date. Foreign currency transactions are translated using the exchange rates prevailing at the dates of the transactions. Exchange rate gains and losses are recognized in financial items in the statement of comprehensive income.
F-Secure provides a comprehensive range of cybersecurity products and services related to endpoint protection, privacy protection, digital identity protection and security for all consumers\u2019 connected devices at home. Revenue derives from the sale of security products and services through partner and direct (ecommerce) channels. Majority of revenue comes from the sale of cybersecurity products through the partner channel. F-Secure also sells consumer products through various retail partners, as well as F-Secure\u2019s own web shop. Partner channel sells Security Suite and Embedded Security products whereas direct channel sells Security Suite products.
F-Secure\u2019s cybersecurity products are sold as Security-as-a-Service. Customers are granted access to use the intellectual property during the license period and they are provided with access to continuously updated software. All software and the accompanied services F-Secure provides are highly interdependent and therefore treated as one performance obligation for which revenue is recognized over time on a straight-line basis for license period despite the sales channel.
Partner channel customers can have different invoicing depending on the customer agreement. Majority of the agreements are licenses fees \u2013 either Security Suite or Embedded Security \u2013 which are provided as a continuous service, when they are invoiced and revenue is recognized each month. Some agreements are for a fixed term. These agreements are invoiced upfront (e.g., annually), and the revenue is recognized over the contract period. Non-recurring revenue, which e.g. relates to custom built integration, is usually invoiced in the beginning of the agreement period and revenue is recognized over time on a straight-line basis for the contract period.
Direct channel selling Security Suite products is usually invoiced fully upfront for the license period and the revenue is recognized over time on a straight-line basis for the license period. The typical length of a license period is 12, 24, or 36 months.
Generally, the term between invoicing and when payment is due is not significant.
All of F-Secure\u2019s pension arrangements are defined contribution plans. Contributions to defined contribution plans are recognized in the statement of comprehensive income in the period to which the contributions relate.
Leases are recorded in the balance sheet as right-of-use asset with a corresponding lease liability. Right-of-use assets and lease liabilities are initially measured at the present value of the remaining lease payments. An incremental borrowing rate is applied in discounting the remaining payments. F-Secure\u2019s incremental borrowing rate varies between 1.45% and 6.9% depending on geographical location of the leased asset and lease period, and the rate of 3.75% applies to the majority of the right-of-use assets.
Changes in estimates are accounted for at each reporting date. In measuring the present value of the liabilities arising from leases, any service-related fees are excluded from the lease payment. F-Secure\u2019s lease contracts do not contain residual value guarantees or purchase options. The estimated duration for on-going contracts varies between 1 to 5 years and the total liability from on-going contracts is EUR 5,065 thousand (EUR 1,210 thousand) (see Note 5 Leases and Note 20 Financial liabilities).
The income tax expense in statement of comprehensive income represents the sum of current taxes and deferred taxes. Current taxes are calculated on the taxable income for all Group companies in accordance with the local tax rules. Deferred taxes, resulting from temporary differences between the financial statement and the income tax basis of assets and liabilities, use the enacted tax rates in effect in the years in which the differences are expected to reverse. Deferred tax assets are recognized to the extent that it is probable that future taxable profit will be available. Deferred tax liabilities are recognized for all temporary differences.
Deferred tax assets and liabilities are offset when there is a legally enforceable right to set off current tax assets against current tax liabilities and when they relate to the same taxation authority and the Group intends to settle the assets and liabilities on a net basis.
Acquisition method is used for accounting the acquisition of businesses. The consideration transferred in a business combination is measured at fair value, which is calculated as the sum of the acquisition date fair values of assets transferred by the Group and liabilities incurred by the Group to the former owners of the acquiree. Costs related to the acquisition are recognized in profit and loss statement. The identifiable assets acquired and the liabilities assumed are recognized at fair value at the acquisition date except for deferred tax assets or liabilities which are measured in accordance with IAS 12 Income taxes. Goodwill is measured as the excess of the transferred consideration over the net amount of the acquired identifiable assets and assumed liabilities.
Goodwill is initially recognized and measured in business combinations as set out above. Goodwill is not amortized but is instead tested for impairment at least annually and whenever there is an indication that it may be impaired. For the purpose of impairment testing goodwill has been allocated to cash generating unit (CGU) expected to benefit from the synergies of the combination. If the recoverable amount of the cash generating unit is less than the carrying amount of the unit, the impairment loss is allocated first to reduce the carrying amount of any goodwill allocated to the unit and then to the other assets of the unit. If an impairment loss for goodwill is recognized it will not be reversed in the subsequent periods. Goodwill is recorded at historical cost less accumulated impairment losses. F-Secure has only one CGU which consists of F-Secure's total business and the carrying amount of goodwill is allocated to this CGU.
Research expenditure is recognized as an expense at the time it is incurred. Development expenditure on new products or product versions with significant new features are recognized as intangible assets when F-Secure has the technical feasibility to complete the asset, has the ability and intention to use or sell the asset; can demonstrate that the asset will generate future economic benefits; has resources available to complete the asset; and has the ability to measure reliably the expenditure during development.
Development assets relate to developing new products and services or developing essential improvements for products and services. Amortization is recorded once the asset is ready on a straight-line basis over the estimated useful life, which is 3-5 years for these assets. These assets are reported either under Capitalized development or under Advance payments & incomplete development in Note 14 Non-current asset.
Intangible assets acquired in business combinations and recognized separately from goodwill are initially recognized at fair value on the acquisition date. Subsequent to initial recognition these assets are reported at initial value less accumulated amortization and accumulated impairment losses. Intangible assets acquired in business combinations include technology and customer relationships, which all have a finite useful life. These assets are reported under Intellectual property and Other intangibles (see Note 14 Non-current asset). The estimated useful lives for intangible assets acquired in business combinations are:
Technology 15 years
Customer relationships 5\u201315 years
Other intangible assets include intangible rights and software licenses, all with a finite useful life. Other intangible assets include also partially or completely internally developed intangible assets which e.g. relate to platforms. Other intangible assets are recorded at historical cost less accumulated amortization and possible impairment. Amortization is recorded on a straight-line basis over the estimated useful life, which is 3\u20135 years for these assets.
Tangible assets are recorded at historical cost less accumulated depreciation and possible impairment. Depreciation is recorded on a straight-line basis over the estimated useful life of an asset. The estimated useful lives of tangible assets are as follows:
Machinery and equipment 2\u20135 years
Other tangible assets 2\u20135 years
At each reporting date, or more frequently if needed, F-Secure assesses whether there is any indication that an asset may be impaired. Where an indicator of impairment exists, F-Secure makes a formal estimate of the recoverable amount. The recoverable amount of goodwill and intangible assets that are not ready for use are estimated annually regardless of whether any indication of impairment exists. The intangible assets that are not ready for use are software projects which cannot be assessed on its own because they don\u2019t have independent cash flow. If it is stated at the end of reporting period that the projects are finalized and will be taken in use, there is no need for impairment testing. Intangible assets that are not ready for use are tested as part of F-Secure's single cash generating unit. Where the carrying amount of an asset exceeds its recoverable amount, the asset is considered impaired and the carrying amount is reduced to its recoverable amount. The recoverable amount is the fair value of an asset less costs of disposal or value in use, whichever is higher. An impairment loss is recorded in the statement of comprehensive income.
A previously recognized impairment loss is reversed only if there has been a change in the estimates used to determine the asset\u2019s recoverable amount since the last impairment loss was recognized. The maximum reversal of an impairment loss amounts to no more than the carrying amount of the asset if no impairment loss had been recognized, net of depreciation.
Inventories are measured at the lower of cost and net realizable value. Cost is determined by the first-in first-out method. Net realizable value is the estimated selling price that is obtainable, less estimated costs of completion and the estimated costs necessary to make the sale.
Financial instruments are originally measured at fair value. Subsequentially, financial assets are classified into the following categories: at amortized cost or fair value through profit and loss. The classification is made at the time of acquisition and is based on the cash flow characteristics and the business model of managing the financial asset. Financial liabilities are subsequentially classified and recognized at amortized cost or at fair value through profit and loss.
Financial instruments measured at fair value through profit and loss include derivative instruments to which hedge accounting is not applied. Realized and unrealized gains or losses arising from changes in fair values are recognized in the profit and loss in the period in which they incur.
According to F-Secure\u2019s treasury policy, company may enter derivative contracts to hedge against exchange rates and interest rates fluctuations. Company has no outstanding derivative contracts on the reporting date 31.12.2025.
Financial instruments are classified as current financial instruments unless the maturity exceed 12 months from the end of the reporting period.
Cash and cash equivalents, interest-bearing receivables and trade receivables are considered as financial assets. Financial assets are originally measured at fair value. Cash and cash equivalents in the balance sheet comprise cash at bank, deposits held at bank, and other highly liquid short-term investment with original maturity less than 3 months. Interest-bearing receivables are measured at amortized cost.
Trade receivables are originally measured with transaction price and later with amortized cost reduced by an expected credit loss for trade receivables. Trade receivables and other receivables are written off from the balance sheet as the rights to associated cash flows end or become transferred to the counterparty. An expected credit loss is recognized for trade receivables according to IFRS 9, Financial Instruments. The amount of expected credit loss is updated at each reporting date to reflect changes in credit risk since initial recognition of the respective financial instrument. The expected credit loss is estimated using a provision matrix where trade receivables are grouped based on historical credit loss experience and characteristics that depict the credit risk of receivables (e.g. geographical area and days past due).
F-Secure classifies bank loans, trade payables, lease liabilities and other interest-bearing liabilities as financial liabilities. Bank loans are initially recognized at the fair value of consideration plus directly attributable transaction costs. After initial recognition, bank loans are measured at amortized cost using the effective interest method. Other financial liabilities are measured at amortized cost.
Provisions are recognized when F-Secure has a present obligation (legal or constructive) as a result of a past event, the outflow of resources is probable, and a reliable estimate of the amount of the obligation can be made. The amount recognized is a best estimate of the consideration required to settle the obligation at each reporting date. Risks and uncertainties are taken into account when making the estimate.
As at 31 December 2025, management has recognized a provision of EUR 425 thousand related to legal expenses and EUR 215 thousand (EUR 1,427 thousand) related to restructuring. See Note 23 Other liabilities .
F-Secure provides incentives to employees in the form of equity-settled share-based instruments. F-Secure\u2019s share-based incentive programs are targeted to F-Secure\u2019s key personnel. The programs are equity-settled. Equity-settled program is valued at fair value at grant date, and the expense is recognized evenly in the statement of comprehensive income over the vesting period with the counter-entry in retained earnings. In programs with market based conditions, the fair value is determined by utilizing commonly used valuation techniques. If a person leaves the company before vesting, the reward is forfeited. F-Secure updates its estimate of the ultimate number of shares at each reporting date. These changes in the estimate are recorded in the statement of comprehensive income.
Classification of expenses by function has been made by presenting direct expenses in their respective functions.
IAS 1, Presentation of Financial Statements, does not define the concept of Earnings before interest and taxes (EBIT). F-Secure has defined it as follows: EBIT is the net amount, which consists of revenue and other operating income less cost of revenue, personnel costs, depreciation and amortization, possible impairment losses, and other operating expenses.
New or amended standards or interpretations are not expected to have an impact on the financial statements.
New IFRS standard \"IFRS18 Presentation and disclosure in Financial Statements\" will impact presentation and disclosure in financial statements. The structure of the statement of profit or loss will change and at the same time certain related measures, i.e. management-defined performance measures.
The adoption of IFRS 18 standard is expected to have a limited impact on our financial statements. The most significant change relates to the presentation of foreign exchange gains and losses, which will be reclassified from financing activities mostly to operating profit. However, we expect this impact to be relatively immaterial.
Additionally, the new standard will require changes to F-Secure's cash flow statement presentation to align with the new income statement categories introduced by IFRS 18. These changes are presentational in nature and will not affect our cash generation or underlying financial performance.
We anticipate that current Alternative Performance Measures (APMs) will largely transition to Management Performance Measures (MPMs) under the new standard, maintaining consistency in how we communicate our financial performance to stakeholders.
", "dimensions": { "concept": "ifrs-full:DisclosureOfMaterialAccountingPolicyInformationExplanatory", "language": "en", "entity": "scheme:9845006BFDJF0375E466", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "section-blocktag-i5470": { "value": "The preparation of consolidated financial statements requires use of estimates and assumptions as well as use of judgment when applying accounting principles. These affect the contents of the financial statements, and it is possible that actual results may differ from estimates.
Estimates made in connection with preparation of financial statements are based on management\u2019s best knowledge at the reporting date. Estimates build upon past experience as well as assumptions of future development of economic environment of the Group. Revisions in estimates and assumptions are recognized in the period they occur and in future periods if the revision affects both current and future periods.
The following areas require significant judgement and estimation:
Impairment testing: Recoverable amount of goodwill from acquisitions is based on present value of estimated future cash flows which are subject to management judgment. In addition to goodwill the intangible assets that are not yet ready for use are tested annually for impairment. The recoverable amount of these assets is based on estimated future cash flows from sales and/or use of the asset.
Expected credit losses: Management applies expected credit loss model to assess accounts receivable. Credit losses are estimated based on aging category as well as individual assessment. The allowance for expected credit losses in F-Secure\u2019s statement of financial position is EUR 412 thousand as at 31 December 2025 (See Note 16 Financial assets).
Deferred tax assets from tax losses: The Group has recognized a total of EUR 141 thousand deferred tax assets related to tax losses carried forward in Spain and Slovakia at 31 December 2025 (See Note 22 Deferred tax). Recognition of the deferred tax assets is based on the Group's assessment that sufficient future taxable profits will be available against which the tax losses can be utilized.
Share-based payments: The Group\u2019s share-based incentives programs are mainly tied to market-based conditions. Management uses external valuations in determining the fair value of the shares granted under these incentive programs. The method for the valuation is either Monte Carlo Simulation or Cox, Ross & Rubenstein method.
Provisions: The amount of provision is the best estimate of the cost required to settle the obligation at the reporting date. Provisions are reviewed on a regular basis and adjusted when necessary.
Financial instruments are originally measured at fair value. Subsequentially, financial assets are classified into the following categories: at amortized cost or fair value through profit and loss. The classification is made at the time of acquisition and is based on the cash flow characteristics and the business model of managing the financial asset. Financial liabilities are subsequentially classified and recognized at amortized cost or at fair value through profit and loss.
Financial instruments measured at fair value through profit and loss include derivative instruments to which hedge accounting is not applied. Realized and unrealized gains or losses arising from changes in fair values are recognized in the profit and loss in the period in which they incur.
According to F-Secure\u2019s treasury policy, company may enter derivative contracts to hedge against exchange rates and interest rates fluctuations. Company has no outstanding derivative contracts on the reporting date 31.12.2025.
Financial instruments are classified as current financial instruments unless the maturity exceed 12 months from the end of the reporting period.
Cash and cash equivalents, interest-bearing receivables and trade receivables are considered as financial assets. Financial assets are originally measured at fair value. Cash and cash equivalents in the balance sheet comprise cash at bank, deposits held at bank, and other highly liquid short-term investment with original maturity less than 3 months. Interest-bearing receivables are measured at amortized cost.
Trade receivables are originally measured with transaction price and later with amortized cost reduced by an expected credit loss for trade receivables. Trade receivables and other receivables are written off from the balance sheet as the rights to associated cash flows end or become transferred to the counterparty. An expected credit loss is recognized for trade receivables according to IFRS 9, Financial Instruments. The amount of expected credit loss is updated at each reporting date to reflect changes in credit risk since initial recognition of the respective financial instrument. The expected credit loss is estimated using a provision matrix where trade receivables are grouped based on historical credit loss experience and characteristics that depict the credit risk of receivables (e.g. geographical area and days past due).
F-Secure classifies bank loans, trade payables, lease liabilities and other interest-bearing liabilities as financial liabilities. Bank loans are initially recognized at the fair value of consideration plus directly attributable transaction costs. After initial recognition, bank loans are measured at amortized cost using the effective interest method. Other financial liabilities are measured at amortized cost.
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForFairValueMeasurementExplanatory", "language": "en", "entity": "scheme:9845006BFDJF0375E466", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "section-blocktag-i5471": { "value": "The preparation of consolidated financial statements requires use of estimates and assumptions as well as use of judgment when applying accounting principles. These affect the contents of the financial statements, and it is possible that actual results may differ from estimates.
Estimates made in connection with preparation of financial statements are based on management\u2019s best knowledge at the reporting date. Estimates build upon past experience as well as assumptions of future development of economic environment of the Group. Revisions in estimates and assumptions are recognized in the period they occur and in future periods if the revision affects both current and future periods.
The following areas require significant judgement and estimation:
Impairment testing: Recoverable amount of goodwill from acquisitions is based on present value of estimated future cash flows which are subject to management judgment. In addition to goodwill the intangible assets that are not yet ready for use are tested annually for impairment. The recoverable amount of these assets is based on estimated future cash flows from sales and/or use of the asset.
Expected credit losses: Management applies expected credit loss model to assess accounts receivable. Credit losses are estimated based on aging category as well as individual assessment. The allowance for expected credit losses in F-Secure\u2019s statement of financial position is EUR 412 thousand as at 31 December 2025 (See Note 16 Financial assets).
Deferred tax assets from tax losses: The Group has recognized a total of EUR 141 thousand deferred tax assets related to tax losses carried forward in Spain and Slovakia at 31 December 2025 (See Note 22 Deferred tax). Recognition of the deferred tax assets is based on the Group's assessment that sufficient future taxable profits will be available against which the tax losses can be utilized.
Share-based payments: The Group\u2019s share-based incentives programs are mainly tied to market-based conditions. Management uses external valuations in determining the fair value of the shares granted under these incentive programs. The method for the valuation is either Monte Carlo Simulation or Cox, Ross & Rubenstein method.
Provisions: The amount of provision is the best estimate of the cost required to settle the obligation at the reporting date. Provisions are reviewed on a regular basis and adjusted when necessary.
The preparation of consolidated financial statements requires use of estimates and assumptions as well as use of judgment when applying accounting principles. These affect the contents of the financial statements, and it is possible that actual results may differ from estimates.
Estimates made in connection with preparation of financial statements are based on management\u2019s best knowledge at the reporting date. Estimates build upon past experience as well as assumptions of future development of economic environment of the Group. Revisions in estimates and assumptions are recognized in the period they occur and in future periods if the revision affects both current and future periods.
The following areas require significant judgement and estimation:
Impairment testing: Recoverable amount of goodwill from acquisitions is based on present value of estimated future cash flows which are subject to management judgment. In addition to goodwill the intangible assets that are not yet ready for use are tested annually for impairment. The recoverable amount of these assets is based on estimated future cash flows from sales and/or use of the asset.
Expected credit losses: Management applies expected credit loss model to assess accounts receivable. Credit losses are estimated based on aging category as well as individual assessment. The allowance for expected credit losses in F-Secure\u2019s statement of financial position is EUR 412 thousand as at 31 December 2025 (See Note 16 Financial assets).
Deferred tax assets from tax losses: The Group has recognized a total of EUR 141 thousand deferred tax assets related to tax losses carried forward in Spain and Slovakia at 31 December 2025 (See Note 22 Deferred tax). Recognition of the deferred tax assets is based on the Group's assessment that sufficient future taxable profits will be available against which the tax losses can be utilized.
Share-based payments: The Group\u2019s share-based incentives programs are mainly tied to market-based conditions. Management uses external valuations in determining the fair value of the shares granted under these incentive programs. The method for the valuation is either Monte Carlo Simulation or Cox, Ross & Rubenstein method.
Provisions: The amount of provision is the best estimate of the cost required to settle the obligation at the reporting date. Provisions are reviewed on a regular basis and adjusted when necessary.
The consolidated financial statements incorporate the financial statements of F-Secure Corporation and entities controlled by F-Secure Corporation. Consolidation is done using the acquisition method and begins when control over the subsidiary is obtained. The consolidation stops when the control ceases. The Group does not have any associated companies nor is there any non-controlling interest in the Group.
All intra-group transactions and balances, including unrealized profits arising from intra-group transactions, have been eliminated on consolidation. Where necessary, accounting policies of the subsidiaries have been adjusted to ensure consistency with the policies adopted by the Group.
", "dimensions": { "concept": "ifrs-full:DisclosureOfBasisOfConsolidationExplanatory", "language": "en", "entity": "scheme:9845006BFDJF0375E466", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "section-blocktag-i5474": { "value": "The financial statements are presented in euros, which is the functional and presentation currency of F-Secure\u2019s parent company. At each reporting date for the purpose of presenting financial statements, the income statements of foreign Group companies are translated at the average exchange rates for the reporting period and the balance sheets are translated using the European Central Bank\u2019s exchange rates prevailing on the reporting date. Foreign currency transactions are translated using the exchange rates prevailing at the dates of the transactions. Exchange rate gains and losses are recognized in financial items in the statement of comprehensive income.
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForForeignCurrencyTranslationExplanatory", "language": "en", "entity": "scheme:9845006BFDJF0375E466", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "section-blocktag-i5475": { "value": "The financial statements are presented in euros, which is the functional and presentation currency of F-Secure\u2019s parent company. At each reporting date for the purpose of presenting financial statements, the income statements of foreign Group companies are translated at the average exchange rates for the reporting period and the balance sheets are translated using the European Central Bank\u2019s exchange rates prevailing on the reporting date. Foreign currency transactions are translated using the exchange rates prevailing at the dates of the transactions. Exchange rate gains and losses are recognized in financial items in the statement of comprehensive income.
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForFunctionalCurrencyExplanatory", "language": "en", "entity": "scheme:9845006BFDJF0375E466", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "section-blocktag-i5476": { "value": "F-Secure provides a comprehensive range of cybersecurity products and services related to endpoint protection, privacy protection, digital identity protection and security for all consumers\u2019 connected devices at home. Revenue derives from the sale of security products and services through partner and direct (ecommerce) channels. Majority of revenue comes from the sale of cybersecurity products through the partner channel. F-Secure also sells consumer products through various retail partners, as well as F-Secure\u2019s own web shop. Partner channel sells Security Suite and Embedded Security products whereas direct channel sells Security Suite products.
F-Secure\u2019s cybersecurity products are sold as Security-as-a-Service. Customers are granted access to use the intellectual property during the license period and they are provided with access to continuously updated software. All software and the accompanied services F-Secure provides are highly interdependent and therefore treated as one performance obligation for which revenue is recognized over time on a straight-line basis for license period despite the sales channel.
Partner channel customers can have different invoicing depending on the customer agreement. Majority of the agreements are licenses fees \u2013 either Security Suite or Embedded Security \u2013 which are provided as a continuous service, when they are invoiced and revenue is recognized each month. Some agreements are for a fixed term. These agreements are invoiced upfront (e.g., annually), and the revenue is recognized over the contract period. Non-recurring revenue, which e.g. relates to custom built integration, is usually invoiced in the beginning of the agreement period and revenue is recognized over time on a straight-line basis for the contract period.
Direct channel selling Security Suite products is usually invoiced fully upfront for the license period and the revenue is recognized over time on a straight-line basis for the license period. The typical length of a license period is 12, 24, or 36 months.
Generally, the term between invoicing and when payment is due is not significant.
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForRecognitionOfRevenue", "language": "en", "entity": "scheme:9845006BFDJF0375E466", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "section-blocktag-i5477": { "value": "All of F-Secure\u2019s pension arrangements are defined contribution plans. Contributions to defined contribution plans are recognized in the statement of comprehensive income in the period to which the contributions relate.
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForEmployeeBenefitsExplanatory", "language": "en", "entity": "scheme:9845006BFDJF0375E466", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "section-blocktag-i5479": { "value": "Leases are recorded in the balance sheet as right-of-use asset with a corresponding lease liability. Right-of-use assets and lease liabilities are initially measured at the present value of the remaining lease payments. An incremental borrowing rate is applied in discounting the remaining payments. F-Secure\u2019s incremental borrowing rate varies between 1.45% and 6.9% depending on geographical location of the leased asset and lease period, and the rate of 3.75% applies to the majority of the right-of-use assets.
Changes in estimates are accounted for at each reporting date. In measuring the present value of the liabilities arising from leases, any service-related fees are excluded from the lease payment. F-Secure\u2019s lease contracts do not contain residual value guarantees or purchase options. The estimated duration for on-going contracts varies between 1 to 5 years and the total liability from on-going contracts is EUR 5,065 thousand (EUR 1,210 thousand) (see Note 5 Leases and Note 20 Financial liabilities).
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForLeasesExplanatory", "language": "en", "entity": "scheme:9845006BFDJF0375E466", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "p-blocktag-i5478": { "value": "Changes in estimates are accounted for at each reporting date. In measuring the present value of the liabilities arising from leases, any service-related fees are excluded from the lease payment. F-Secure\u2019s lease contracts do not contain residual value guarantees or purchase options. The estimated duration for on-going contracts varies between 1 to 5 years and the total liability from on-going contracts is EUR 5,065 thousand (EUR 1,210 thousand) (see Note 5 Leases and Note 20 Financial liabilities).
", "dimensions": { "concept": "ifrs-full:DisclosureOfCollateralExplanatory", "language": "en", "entity": "scheme:9845006BFDJF0375E466", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "section-blocktag-i5480": { "value": "The income tax expense in statement of comprehensive income represents the sum of current taxes and deferred taxes. Current taxes are calculated on the taxable income for all Group companies in accordance with the local tax rules. Deferred taxes, resulting from temporary differences between the financial statement and the income tax basis of assets and liabilities, use the enacted tax rates in effect in the years in which the differences are expected to reverse. Deferred tax assets are recognized to the extent that it is probable that future taxable profit will be available. Deferred tax liabilities are recognized for all temporary differences.
Deferred tax assets and liabilities are offset when there is a legally enforceable right to set off current tax assets against current tax liabilities and when they relate to the same taxation authority and the Group intends to settle the assets and liabilities on a net basis.
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForDeferredIncomeTaxExplanatory", "language": "en", "entity": "scheme:9845006BFDJF0375E466", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "section-blocktag-i5481": { "value": "The income tax expense in statement of comprehensive income represents the sum of current taxes and deferred taxes. Current taxes are calculated on the taxable income for all Group companies in accordance with the local tax rules. Deferred taxes, resulting from temporary differences between the financial statement and the income tax basis of assets and liabilities, use the enacted tax rates in effect in the years in which the differences are expected to reverse. Deferred tax assets are recognized to the extent that it is probable that future taxable profit will be available. Deferred tax liabilities are recognized for all temporary differences.
Deferred tax assets and liabilities are offset when there is a legally enforceable right to set off current tax assets against current tax liabilities and when they relate to the same taxation authority and the Group intends to settle the assets and liabilities on a net basis.
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForIncomeTaxExplanatory", "language": "en", "entity": "scheme:9845006BFDJF0375E466", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "section-blocktag-i5482": { "value": "Acquisition method is used for accounting the acquisition of businesses. The consideration transferred in a business combination is measured at fair value, which is calculated as the sum of the acquisition date fair values of assets transferred by the Group and liabilities incurred by the Group to the former owners of the acquiree. Costs related to the acquisition are recognized in profit and loss statement. The identifiable assets acquired and the liabilities assumed are recognized at fair value at the acquisition date except for deferred tax assets or liabilities which are measured in accordance with IAS 12 Income taxes. Goodwill is measured as the excess of the transferred consideration over the net amount of the acquired identifiable assets and assumed liabilities.
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForBusinessCombinationsExplanatory", "language": "en", "entity": "scheme:9845006BFDJF0375E466", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "section-blocktag-i5483": { "value": "Acquisition method is used for accounting the acquisition of businesses. The consideration transferred in a business combination is measured at fair value, which is calculated as the sum of the acquisition date fair values of assets transferred by the Group and liabilities incurred by the Group to the former owners of the acquiree. Costs related to the acquisition are recognized in profit and loss statement. The identifiable assets acquired and the liabilities assumed are recognized at fair value at the acquisition date except for deferred tax assets or liabilities which are measured in accordance with IAS 12 Income taxes. Goodwill is measured as the excess of the transferred consideration over the net amount of the acquired identifiable assets and assumed liabilities.
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForBusinessCombinationsAndGoodwillExplanatory", "language": "en", "entity": "scheme:9845006BFDJF0375E466", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "section-blocktag-i5484": { "value": "Goodwill is initially recognized and measured in business combinations as set out above. Goodwill is not amortized but is instead tested for impairment at least annually and whenever there is an indication that it may be impaired. For the purpose of impairment testing goodwill has been allocated to cash generating unit (CGU) expected to benefit from the synergies of the combination. If the recoverable amount of the cash generating unit is less than the carrying amount of the unit, the impairment loss is allocated first to reduce the carrying amount of any goodwill allocated to the unit and then to the other assets of the unit. If an impairment loss for goodwill is recognized it will not be reversed in the subsequent periods. Goodwill is recorded at historical cost less accumulated impairment losses. F-Secure has only one CGU which consists of F-Secure's total business and the carrying amount of goodwill is allocated to this CGU.
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForGoodwillExplanatory", "language": "en", "entity": "scheme:9845006BFDJF0375E466", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "section-blocktag-i5485": { "value": "Goodwill is initially recognized and measured in business combinations as set out above. Goodwill is not amortized but is instead tested for impairment at least annually and whenever there is an indication that it may be impaired. For the purpose of impairment testing goodwill has been allocated to cash generating unit (CGU) expected to benefit from the synergies of the combination. If the recoverable amount of the cash generating unit is less than the carrying amount of the unit, the impairment loss is allocated first to reduce the carrying amount of any goodwill allocated to the unit and then to the other assets of the unit. If an impairment loss for goodwill is recognized it will not be reversed in the subsequent periods. Goodwill is recorded at historical cost less accumulated impairment losses. F-Secure has only one CGU which consists of F-Secure's total business and the carrying amount of goodwill is allocated to this CGU.
Research expenditure is recognized as an expense at the time it is incurred. Development expenditure on new products or product versions with significant new features are recognized as intangible assets when F-Secure has the technical feasibility to complete the asset, has the ability and intention to use or sell the asset; can demonstrate that the asset will generate future economic benefits; has resources available to complete the asset; and has the ability to measure reliably the expenditure during development.
Development assets relate to developing new products and services or developing essential improvements for products and services. Amortization is recorded once the asset is ready on a straight-line basis over the estimated useful life, which is 3-5 years for these assets. These assets are reported either under Capitalized development or under Advance payments & incomplete development in Note 14 Non-current asset.
Intangible assets acquired in business combinations and recognized separately from goodwill are initially recognized at fair value on the acquisition date. Subsequent to initial recognition these assets are reported at initial value less accumulated amortization and accumulated impairment losses. Intangible assets acquired in business combinations include technology and customer relationships, which all have a finite useful life. These assets are reported under Intellectual property and Other intangibles (see Note 14 Non-current asset). The estimated useful lives for intangible assets acquired in business combinations are:
Technology 15 years
Customer relationships 5\u201315 years
Other intangible assets include intangible rights and software licenses, all with a finite useful life. Other intangible assets include also partially or completely internally developed intangible assets which e.g. relate to platforms. Other intangible assets are recorded at historical cost less accumulated amortization and possible impairment. Amortization is recorded on a straight-line basis over the estimated useful life, which is 3\u20135 years for these assets.
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForIntangibleAssetsAndGoodwillExplanatory", "language": "en", "entity": "scheme:9845006BFDJF0375E466", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "section-blocktag-i5491": { "value": "Research expenditure is recognized as an expense at the time it is incurred. Development expenditure on new products or product versions with significant new features are recognized as intangible assets when F-Secure has the technical feasibility to complete the asset, has the ability and intention to use or sell the asset; can demonstrate that the asset will generate future economic benefits; has resources available to complete the asset; and has the ability to measure reliably the expenditure during development.
Development assets relate to developing new products and services or developing essential improvements for products and services. Amortization is recorded once the asset is ready on a straight-line basis over the estimated useful life, which is 3-5 years for these assets. These assets are reported either under Capitalized development or under Advance payments & incomplete development in Note 14 Non-current asset.
Intangible assets acquired in business combinations and recognized separately from goodwill are initially recognized at fair value on the acquisition date. Subsequent to initial recognition these assets are reported at initial value less accumulated amortization and accumulated impairment losses. Intangible assets acquired in business combinations include technology and customer relationships, which all have a finite useful life. These assets are reported under Intellectual property and Other intangibles (see Note 14 Non-current asset). The estimated useful lives for intangible assets acquired in business combinations are:
Technology 15 years
Customer relationships 5\u201315 years
Other intangible assets include intangible rights and software licenses, all with a finite useful life. Other intangible assets include also partially or completely internally developed intangible assets which e.g. relate to platforms. Other intangible assets are recorded at historical cost less accumulated amortization and possible impairment. Amortization is recorded on a straight-line basis over the estimated useful life, which is 3\u20135 years for these assets.
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForIntangibleAssetsOtherThanGoodwillExplanatory", "language": "en", "entity": "scheme:9845006BFDJF0375E466", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "section-blocktag-i5492": { "value": "Research expenditure is recognized as an expense at the time it is incurred. Development expenditure on new products or product versions with significant new features are recognized as intangible assets when F-Secure has the technical feasibility to complete the asset, has the ability and intention to use or sell the asset; can demonstrate that the asset will generate future economic benefits; has resources available to complete the asset; and has the ability to measure reliably the expenditure during development.
Development assets relate to developing new products and services or developing essential improvements for products and services. Amortization is recorded once the asset is ready on a straight-line basis over the estimated useful life, which is 3-5 years for these assets. These assets are reported either under Capitalized development or under Advance payments & incomplete development in Note 14 Non-current asset.
Intangible assets acquired in business combinations and recognized separately from goodwill are initially recognized at fair value on the acquisition date. Subsequent to initial recognition these assets are reported at initial value less accumulated amortization and accumulated impairment losses. Intangible assets acquired in business combinations include technology and customer relationships, which all have a finite useful life. These assets are reported under Intellectual property and Other intangibles (see Note 14 Non-current asset). The estimated useful lives for intangible assets acquired in business combinations are:
Technology 15 years
Customer relationships 5\u201315 years
Other intangible assets include intangible rights and software licenses, all with a finite useful life. Other intangible assets include also partially or completely internally developed intangible assets which e.g. relate to platforms. Other intangible assets are recorded at historical cost less accumulated amortization and possible impairment. Amortization is recorded on a straight-line basis over the estimated useful life, which is 3\u20135 years for these assets.
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForResearchAndDevelopmentExpenseExplanatory", "language": "en", "entity": "scheme:9845006BFDJF0375E466", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "p-blocktag-i5486": { "value": "Development assets relate to developing new products and services or developing essential improvements for products and services. Amortization is recorded once the asset is ready on a straight-line basis over the estimated useful life, which is 3-5 years for these assets. These assets are reported either under Capitalized development or under Advance payments & incomplete development in Note 14 Non-current asset.
Technology 15 years
Customer relationships 5\u201315 years
Other intangible assets include intangible rights and software licenses, all with a finite useful life. Other intangible assets include also partially or completely internally developed intangible assets which e.g. relate to platforms. Other intangible assets are recorded at historical cost less accumulated amortization and possible impairment. Amortization is recorded on a straight-line basis over the estimated useful life, which is 3\u20135 years for these assets.
Machinery and equipment 2\u20135 years
Other tangible assets 2\u20135 years
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForDepreciationExpenseExplanatory", "language": "en", "entity": "scheme:9845006BFDJF0375E466", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "section-blocktag-i5495": { "value": "Tangible assets are recorded at historical cost less accumulated depreciation and possible impairment. Depreciation is recorded on a straight-line basis over the estimated useful life of an asset. The estimated useful lives of tangible assets are as follows:
Machinery and equipment 2\u20135 years
Other tangible assets 2\u20135 years
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForPropertyPlantAndEquipmentExplanatory", "language": "en", "entity": "scheme:9845006BFDJF0375E466", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "section-blocktag-i5496": { "value": "At each reporting date, or more frequently if needed, F-Secure assesses whether there is any indication that an asset may be impaired. Where an indicator of impairment exists, F-Secure makes a formal estimate of the recoverable amount. The recoverable amount of goodwill and intangible assets that are not ready for use are estimated annually regardless of whether any indication of impairment exists. The intangible assets that are not ready for use are software projects which cannot be assessed on its own because they don\u2019t have independent cash flow. If it is stated at the end of reporting period that the projects are finalized and will be taken in use, there is no need for impairment testing. Intangible assets that are not ready for use are tested as part of F-Secure's single cash generating unit. Where the carrying amount of an asset exceeds its recoverable amount, the asset is considered impaired and the carrying amount is reduced to its recoverable amount. The recoverable amount is the fair value of an asset less costs of disposal or value in use, whichever is higher. An impairment loss is recorded in the statement of comprehensive income.
A previously recognized impairment loss is reversed only if there has been a change in the estimates used to determine the asset\u2019s recoverable amount since the last impairment loss was recognized. The maximum reversal of an impairment loss amounts to no more than the carrying amount of the asset if no impairment loss had been recognized, net of depreciation.
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForImpairmentOfAssetsExplanatory", "language": "en", "entity": "scheme:9845006BFDJF0375E466", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "section-blocktag-i5497": { "value": "Inventories are measured at the lower of cost and net realizable value. Cost is determined by the first-in first-out method. Net realizable value is the estimated selling price that is obtainable, less estimated costs of completion and the estimated costs necessary to make the sale.
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForMeasuringInventories", "language": "en", "entity": "scheme:9845006BFDJF0375E466", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "section-blocktag-i5509": { "value": "Financial instruments are originally measured at fair value. Subsequentially, financial assets are classified into the following categories: at amortized cost or fair value through profit and loss. The classification is made at the time of acquisition and is based on the cash flow characteristics and the business model of managing the financial asset. Financial liabilities are subsequentially classified and recognized at amortized cost or at fair value through profit and loss.
Financial instruments measured at fair value through profit and loss include derivative instruments to which hedge accounting is not applied. Realized and unrealized gains or losses arising from changes in fair values are recognized in the profit and loss in the period in which they incur.
According to F-Secure\u2019s treasury policy, company may enter derivative contracts to hedge against exchange rates and interest rates fluctuations. Company has no outstanding derivative contracts on the reporting date 31.12.2025.
Financial instruments are classified as current financial instruments unless the maturity exceed 12 months from the end of the reporting period.
Cash and cash equivalents, interest-bearing receivables and trade receivables are considered as financial assets. Financial assets are originally measured at fair value. Cash and cash equivalents in the balance sheet comprise cash at bank, deposits held at bank, and other highly liquid short-term investment with original maturity less than 3 months. Interest-bearing receivables are measured at amortized cost.
Trade receivables are originally measured with transaction price and later with amortized cost reduced by an expected credit loss for trade receivables. Trade receivables and other receivables are written off from the balance sheet as the rights to associated cash flows end or become transferred to the counterparty. An expected credit loss is recognized for trade receivables according to IFRS 9, Financial Instruments. The amount of expected credit loss is updated at each reporting date to reflect changes in credit risk since initial recognition of the respective financial instrument. The expected credit loss is estimated using a provision matrix where trade receivables are grouped based on historical credit loss experience and characteristics that depict the credit risk of receivables (e.g. geographical area and days past due).
F-Secure classifies bank loans, trade payables, lease liabilities and other interest-bearing liabilities as financial liabilities. Bank loans are initially recognized at the fair value of consideration plus directly attributable transaction costs. After initial recognition, bank loans are measured at amortized cost using the effective interest method. Other financial liabilities are measured at amortized cost.
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinancialInstrumentsExplanatory", "language": "en", "entity": "scheme:9845006BFDJF0375E466", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "section-blocktag-i5510": { "value": "Financial instruments are originally measured at fair value. Subsequentially, financial assets are classified into the following categories: at amortized cost or fair value through profit and loss. The classification is made at the time of acquisition and is based on the cash flow characteristics and the business model of managing the financial asset. Financial liabilities are subsequentially classified and recognized at amortized cost or at fair value through profit and loss.
Financial instruments measured at fair value through profit and loss include derivative instruments to which hedge accounting is not applied. Realized and unrealized gains or losses arising from changes in fair values are recognized in the profit and loss in the period in which they incur.
According to F-Secure\u2019s treasury policy, company may enter derivative contracts to hedge against exchange rates and interest rates fluctuations. Company has no outstanding derivative contracts on the reporting date 31.12.2025.
Financial instruments are classified as current financial instruments unless the maturity exceed 12 months from the end of the reporting period.
Cash and cash equivalents, interest-bearing receivables and trade receivables are considered as financial assets. Financial assets are originally measured at fair value. Cash and cash equivalents in the balance sheet comprise cash at bank, deposits held at bank, and other highly liquid short-term investment with original maturity less than 3 months. Interest-bearing receivables are measured at amortized cost.
Trade receivables are originally measured with transaction price and later with amortized cost reduced by an expected credit loss for trade receivables. Trade receivables and other receivables are written off from the balance sheet as the rights to associated cash flows end or become transferred to the counterparty. An expected credit loss is recognized for trade receivables according to IFRS 9, Financial Instruments. The amount of expected credit loss is updated at each reporting date to reflect changes in credit risk since initial recognition of the respective financial instrument. The expected credit loss is estimated using a provision matrix where trade receivables are grouped based on historical credit loss experience and characteristics that depict the credit risk of receivables (e.g. geographical area and days past due).
F-Secure classifies bank loans, trade payables, lease liabilities and other interest-bearing liabilities as financial liabilities. Bank loans are initially recognized at the fair value of consideration plus directly attributable transaction costs. After initial recognition, bank loans are measured at amortized cost using the effective interest method. Other financial liabilities are measured at amortized cost.
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinancialInstrumentsAtFairValueThroughProfitOrLossExplanatory", "language": "en", "entity": "scheme:9845006BFDJF0375E466", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "p-blocktag-i5498": { "value": "According to F-Secure\u2019s treasury policy, company may enter derivative contracts to hedge against exchange rates and interest rates fluctuations. Company has no outstanding derivative contracts on the reporting date 31.12.2025.
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForDerivativeFinancialInstrumentsExplanatory", "language": "en", "entity": "scheme:9845006BFDJF0375E466", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "h3-blocktag-i5499": { "value": "Cash and cash equivalents, interest-bearing receivables and trade receivables are considered as financial assets. Financial assets are originally measured at fair value. Cash and cash equivalents in the balance sheet comprise cash at bank, deposits held at bank, and other highly liquid short-term investment with original maturity less than 3 months. Interest-bearing receivables are measured at amortized cost.
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyToDetermineComponentsOfCashAndCashEquivalents", "language": "en", "entity": "scheme:9845006BFDJF0375E466", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "h3-blocktag-i5500": { "value": "Cash and cash equivalents, interest-bearing receivables and trade receivables are considered as financial assets. Financial assets are originally measured at fair value. Cash and cash equivalents in the balance sheet comprise cash at bank, deposits held at bank, and other highly liquid short-term investment with original maturity less than 3 months. Interest-bearing receivables are measured at amortized cost.
Trade receivables are originally measured with transaction price and later with amortized cost reduced by an expected credit loss for trade receivables. Trade receivables and other receivables are written off from the balance sheet as the rights to associated cash flows end or become transferred to the counterparty. An expected credit loss is recognized for trade receivables according to IFRS 9, Financial Instruments. The amount of expected credit loss is updated at each reporting date to reflect changes in credit risk since initial recognition of the respective financial instrument. The expected credit loss is estimated using a provision matrix where trade receivables are grouped based on historical credit loss experience and characteristics that depict the credit risk of receivables (e.g. geographical area and days past due).
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinancialAssetsExplanatory", "language": "en", "entity": "scheme:9845006BFDJF0375E466", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "h3-blocktag-i5504": { "value": "F-Secure classifies bank loans, trade payables, lease liabilities and other interest-bearing liabilities as financial liabilities. Bank loans are initially recognized at the fair value of consideration plus directly attributable transaction costs. After initial recognition, bank loans are measured at amortized cost using the effective interest method. Other financial liabilities are measured at amortized cost.
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForBorrowingsExplanatory", "language": "en", "entity": "scheme:9845006BFDJF0375E466", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "h3-blocktag-i5505": { "value": "F-Secure classifies bank loans, trade payables, lease liabilities and other interest-bearing liabilities as financial liabilities. Bank loans are initially recognized at the fair value of consideration plus directly attributable transaction costs. After initial recognition, bank loans are measured at amortized cost using the effective interest method. Other financial liabilities are measured at amortized cost.
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinancialLiabilitiesExplanatory", "language": "en", "entity": "scheme:9845006BFDJF0375E466", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "section-blocktag-i5511": { "value": "Provisions are recognized when F-Secure has a present obligation (legal or constructive) as a result of a past event, the outflow of resources is probable, and a reliable estimate of the amount of the obligation can be made. The amount recognized is a best estimate of the consideration required to settle the obligation at each reporting date. Risks and uncertainties are taken into account when making the estimate.
As at 31 December 2025, management has recognized a provision of EUR 425 thousand related to legal expenses and EUR 215 thousand (EUR 1,427 thousand) related to restructuring. See Note 23 Other liabilities .
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForProvisionsExplanatory", "language": "en", "entity": "scheme:9845006BFDJF0375E466", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "section-blocktag-i5512": { "value": "F-Secure provides incentives to employees in the form of equity-settled share-based instruments. F-Secure\u2019s share-based incentive programs are targeted to F-Secure\u2019s key personnel. The programs are equity-settled. Equity-settled program is valued at fair value at grant date, and the expense is recognized evenly in the statement of comprehensive income over the vesting period with the counter-entry in retained earnings. In programs with market based conditions, the fair value is determined by utilizing commonly used valuation techniques. If a person leaves the company before vesting, the reward is forfeited. F-Secure updates its estimate of the ultimate number of shares at each reporting date. These changes in the estimate are recorded in the statement of comprehensive income.
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForSharebasedPaymentTransactionsExplanatory", "language": "en", "entity": "scheme:9845006BFDJF0375E466", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "section-blocktag-i5513": { "value": "Classification of expenses by function has been made by presenting direct expenses in their respective functions.
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForExpensesExplanatory", "language": "en", "entity": "scheme:9845006BFDJF0375E466", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "section-blocktag-i5514": { "value": "IAS 1, Presentation of Financial Statements, does not define the concept of Earnings before interest and taxes (EBIT). F-Secure has defined it as follows: EBIT is the net amount, which consists of revenue and other operating income less cost of revenue, personnel costs, depreciation and amortization, possible impairment losses, and other operating expenses.
", "dimensions": { "concept": "ifrs-full:DisclosureOfProfitLossFromOperatingActivitiesExplanatory", "language": "en", "entity": "scheme:9845006BFDJF0375E466", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "section-blocktag-i5548": { "value": "F-Secure\u2019s operations and profitability is reported as a single operating segment which is consistent with the internal reporting and the way that operative decisions and assessment of performance have been made by Chief operating decision maker (CODM). For F-Secure CODM is leadership team which consists of CEO and currently 8 leadership team members. F-Secure's total business consists of designing and providing a comprehensive range of cybersecurity products and services related to data security, privacy protection as well as privacy protection and digital identity protection of consumers\u2019 terminal devices, networks and devices connected to a network, sold, in each case, either directly or indirectly, to consumers.
Geographical information about revenue is presented in Note 3 Revenue .
EUR 1,000 | 2025 | 2024 |
|---|---|---|
Long-term assets | \u00a0 | \u00a0 |
Nordic countries | 167,022 | 163,160 |
Rest of Europe | 435 | 342 |
North America | 44,994 | 53,064 |
Rest of world | 589 | 761 |
Total | 213,040 | 217,327 |
F-Secure\u2019s operations and profitability is reported as a single operating segment which is consistent with the internal reporting and the way that operative decisions and assessment of performance have been made by Chief operating decision maker (CODM). For F-Secure CODM is leadership team which consists of CEO and currently 8 leadership team members. F-Secure's total business consists of designing and providing a comprehensive range of cybersecurity products and services related to data security, privacy protection as well as privacy protection and digital identity protection of consumers\u2019 terminal devices, networks and devices connected to a network, sold, in each case, either directly or indirectly, to consumers.
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForSegmentReportingExplanatory", "language": "en", "entity": "scheme:9845006BFDJF0375E466", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "section-blocktag-i5649": { "value": "Principles of revenue recognition are stated in Note 1.2 Accounting principles, section Revenue recognition.
EUR 1,000 | 2025 | 2024 |
|---|---|---|
Sales channels | \u00a0 | \u00a0 |
Revenue from external customers | \u00a0 | \u00a0 |
Partner channel | 118,975 | 118,237 |
Security Suite | 95,569 | 95,734 |
Embedded Security | 23,406 | 22,503 |
Direct channel (E-commerce) | 26,764 | 28,021 |
Total | 145,739 | 146,258 |
The table above has been updated to show main product portfolios in partner channel.
EUR 1,000 | 2025 | 2024 |
|---|---|---|
Geographical information | \u00a0 | \u00a0 |
Revenue from external customers | \u00a0 | \u00a0 |
Nordic countries | 44,756 | 42,019 |
Rest of Europe | 45,403 | 48,099 |
North America | 44,317 | 45,518 |
Rest of world | 11,263 | 10,621 |
Total | 145,739 | 146,258 |
F-Secure had one individual customer which represented more than 10% of Group's 2025 revenue. Total revenue from this customer was EUR 16,559 thousand (EUR 17,147 thousand).
Satisfied performance obligations from contracts with customers that have not yet been invoiced on the reporting date are presented in the balance sheet as Accrued income. The balances relate to products delivered to customers and recognised as revenue but not invoiced. Liabilities from contracts with customers are presented in the balance sheet as Deferred revenue and included in Total non-current liabilities or Total current liabilities depending on the duration of the liability. Prior year current deferred revenue is recognised as revenue in the current period. Remaining performance obligations from contracts with customers represent contracted revenue that has not yet been recognised. These balances are presented as Deferred revenue and relate to obligations to provide software subscription services in contracts with a duration of multiple years.
EUR 1,000 | 2025 | 2024 |
|---|---|---|
Accrued income | 2,435 | 3,333 |
Deferred revenue, non-current | 5,940 | 6,398 |
Deferred revenue, current | 21,068 | 22,079 |
Increases in deferred revenue resulting from billing were EUR 20,610 thousand for the year ended (EUR 22,640 thousand). Decreases in deferred revenue resulting from satisfying performance obligations were EUR 22,079 thousand for the year (EUR 19,788 thousand).
", "dimensions": { "concept": "ifrs-full:DisclosureOfRevenueExplanatory", "language": "en", "entity": "scheme:9845006BFDJF0375E466", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "h1-blocktag-i5621": { "value": "Satisfied performance obligations from contracts with customers that have not yet been invoiced on the reporting date are presented in the balance sheet as Accrued income. The balances relate to products delivered to customers and recognised as revenue but not invoiced. Liabilities from contracts with customers are presented in the balance sheet as Deferred revenue and included in Total non-current liabilities or Total current liabilities depending on the duration of the liability. Prior year current deferred revenue is recognised as revenue in the current period. Remaining performance obligations from contracts with customers represent contracted revenue that has not yet been recognised. These balances are presented as Deferred revenue and relate to obligations to provide software subscription services in contracts with a duration of multiple years.
EUR 1,000 | 2025 | 2024 |
|---|---|---|
Accrued income | 2,435 | 3,333 |
Deferred revenue, non-current | 5,940 | 6,398 |
Deferred revenue, current | 21,068 | 22,079 |
Increases in deferred revenue resulting from billing were EUR 20,610 thousand for the year ended (EUR 22,640 thousand). Decreases in deferred revenue resulting from satisfying performance obligations were EUR 22,079 thousand for the year (EUR 19,788 thousand).
", "dimensions": { "concept": "ifrs-full:DisclosureOfDeferredIncomeExplanatory", "language": "en", "entity": "scheme:9845006BFDJF0375E466", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "h1-blocktag-i5622": { "value": "Satisfied performance obligations from contracts with customers that have not yet been invoiced on the reporting date are presented in the balance sheet as Accrued income. The balances relate to products delivered to customers and recognised as revenue but not invoiced. Liabilities from contracts with customers are presented in the balance sheet as Deferred revenue and included in Total non-current liabilities or Total current liabilities depending on the duration of the liability. Prior year current deferred revenue is recognised as revenue in the current period. Remaining performance obligations from contracts with customers represent contracted revenue that has not yet been recognised. These balances are presented as Deferred revenue and relate to obligations to provide software subscription services in contracts with a duration of multiple years.
EUR 1,000 | 2025 | 2024 |
|---|---|---|
Accrued income | 2,435 | 3,333 |
Deferred revenue, non-current | 5,940 | 6,398 |
Deferred revenue, current | 21,068 | 22,079 |
Increases in deferred revenue resulting from billing were EUR 20,610 thousand for the year ended (EUR 22,640 thousand). Decreases in deferred revenue resulting from satisfying performance obligations were EUR 22,079 thousand for the year (EUR 19,788 thousand).
", "dimensions": { "concept": "ifrs-full:DisclosureOfRevenueFromContractsWithCustomersExplanatory", "language": "en", "entity": "scheme:9845006BFDJF0375E466", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "section-blocktag-i5674": { "value": "EUR 1,000 | 2025 | 2024 |
|---|---|---|
Government grants | 748 | 228 |
Transition services | 11 | 515 |
Other | 13 | 8 |
Total | 771 | 751 |
The government grants are received for certain research and development projects and are recognised as income over those periods in which the corresponding expenses arise.
None of the amounts included in Other are individually significant.
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForGovernmentGrants", "language": "en", "entity": "scheme:9845006BFDJF0375E466", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "section-blocktag-i5675": { "value": "EUR 1,000 | 2025 | 2024 |
|---|---|---|
Government grants | 748 | 228 |
Transition services | 11 | 515 |
Other | 13 | 8 |
Total | 771 | 751 |
The government grants are received for certain research and development projects and are recognised as income over those periods in which the corresponding expenses arise.
None of the amounts included in Other are individually significant.
", "dimensions": { "concept": "ifrs-full:DisclosureOfGovernmentGrantsExplanatory", "language": "en", "entity": "scheme:9845006BFDJF0375E466", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "section-blocktag-i5676": { "value": "EUR 1,000 | 2025 | 2024 |
|---|---|---|
Government grants | 748 | 228 |
Transition services | 11 | 515 |
Other | 13 | 8 |
Total | 771 | 751 |
The government grants are received for certain research and development projects and are recognised as income over those periods in which the corresponding expenses arise.
None of the amounts included in Other are individually significant.
", "dimensions": { "concept": "ifrs-full:DisclosureOfOtherOperatingIncomeExplanatory", "language": "en", "entity": "scheme:9845006BFDJF0375E466", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "section-blocktag-i5677": { "value": "EUR 1,000 | 2025 | 2024 |
|---|---|---|
Government grants | 748 | 228 |
Transition services | 11 | 515 |
Other | 13 | 8 |
Total | 771 | 751 |
The government grants are received for certain research and development projects and are recognised as income over those periods in which the corresponding expenses arise.
None of the amounts included in Other are individually significant.
", "dimensions": { "concept": "ifrs-full:DisclosureOfOtherOperatingIncomeExpenseExplanatory", "language": "en", "entity": "scheme:9845006BFDJF0375E466", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "section-blocktag-i5774": { "value": "The principles of lease accounting are stated in Note 1.2 Accounting principles, section Leases.
EUR 1,000 | 2025 | 2024 |
|---|---|---|
Depreciation | \u00a0 | \u00a0 |
Right of use assets | \u00a0 | \u00a0 |
Buildings | 1,234 | 1,049 |
Cars and machiney | 201 | 117 |
Total | 1,435 | 1,165 |
| \u00a0 | \u00a0 | \u00a0 |
Interest expense on lease liabilities | 132 | 66 |
| \u00a0 | \u00a0 | \u00a0 |
Short-term leases booked as rent expense | 291 | 213 |
Right of use assets | 2025 | 2024 |
|---|---|---|
Buildings | 4,099 | 969 |
Cars and machiney | 726 | 231 |
Total | 4,825 | 1,200 |
Lease liabilities | 2025 | 2024 |
|---|---|---|
Buildings | 4,330 | 988 |
Cars and machiney | 735 | 222 |
Total | 5,065 | 1,210 |
| \u00a0 | \u00a0 | \u00a0 |
Repayments of lease liabilities | 1,227 | 1,174 |
The increase in lease liabilities relates to the new lease agreement for headquarter office premises which was recorded in the balance sheet as right-of-use asset and lease liability in July 2025 when the lease term started. The four-year contract increased right-of-use assets value by EUR 4.0 million.
Right of use assets related changes are stated in Note 14. Non-current assets.
Interest expenses related to lease liabilities are stated in Note 9. Financial income and expenses.
Maturity of lease liabilities is stated in Note 20. Financial liabilities.
EUR 1,000 | 2025 | 2024 |
|---|---|---|
Depreciation and amortization of non-current assets | \u00a0 | \u00a0 |
Other intangible assets | 10,119 | 9,663 |
Capitalized development | 4,598 | 2,581 |
Intangible assets | 14,716 | 12,244 |
| \u00a0 | \u00a0 | \u00a0 |
Right of use assets | 1,435 | 1,165 |
Other tangible assets | 293 | 211 |
Tangible assets | 1,727 | 1,377 |
| \u00a0 | \u00a0 | \u00a0 |
Total depreciation and amortization | 16,443 | 13,621 |
Depreciation and amortization by function (EUR 1,000) | \u00a0 | \u00a0 |
|---|---|---|
Sales and marketing | 1,533 | 1,213 |
Research and development | 6,243 | 3,882 |
Administration | 8,668 | 8,525 |
Total depreciation and amortization | 16,443 | 13,621 |
EUR 1,000 | 2025 | 2024 |
|---|---|---|
Personnel expenses | \u00a0 | \u00a0 |
Wages and salaries | 33,971 | 36,065 |
Pension expenses - defined contribution plan | 4,960 | 4,856 |
Share-based payments | 1,140 | 1,045 |
Other social expenses | 2,742 | 3,062 |
Total | 42,812 | 45,029 |
For share-based payments, see further in Note 19. Share-based payment transactions.
Employee benefits of the management are stated in Note 24. Related party transactions.
| \u00a0 | 2025 | 2024 |
|---|---|---|
Average number of personnel | 526 | 519 |
Personnel by function December 31 | \u00a0 | \u00a0 |
|---|---|---|
Sales and marketing | 189 | 169 |
Research and development | 301 | 308 |
Administration | 59 | 52 |
Total | 549 | 529 |
The principles of lease accounting are stated in Note 1.2 Accounting principles, section Leases.
EUR 1,000 | 2025 | 2024 |
|---|---|---|
Depreciation | \u00a0 | \u00a0 |
Right of use assets | \u00a0 | \u00a0 |
Buildings | 1,234 | 1,049 |
Cars and machiney | 201 | 117 |
Total | 1,435 | 1,165 |
| \u00a0 | \u00a0 | \u00a0 |
Interest expense on lease liabilities | 132 | 66 |
| \u00a0 | \u00a0 | \u00a0 |
Short-term leases booked as rent expense | 291 | 213 |
Right of use assets | 2025 | 2024 |
|---|---|---|
Buildings | 4,099 | 969 |
Cars and machiney | 726 | 231 |
Total | 4,825 | 1,200 |
Lease liabilities | 2025 | 2024 |
|---|---|---|
Buildings | 4,330 | 988 |
Cars and machiney | 735 | 222 |
Total | 5,065 | 1,210 |
| \u00a0 | \u00a0 | \u00a0 |
Repayments of lease liabilities | 1,227 | 1,174 |
The increase in lease liabilities relates to the new lease agreement for headquarter office premises which was recorded in the balance sheet as right-of-use asset and lease liability in July 2025 when the lease term started. The four-year contract increased right-of-use assets value by EUR 4.0 million.
Right of use assets related changes are stated in Note 14. Non-current assets.
Interest expenses related to lease liabilities are stated in Note 9. Financial income and expenses.
Maturity of lease liabilities is stated in Note 20. Financial liabilities.
EUR 1,000 | 2025 | 2024 |
|---|---|---|
Depreciation and amortization of non-current assets | \u00a0 | \u00a0 |
Other intangible assets | 10,119 | 9,663 |
Capitalized development | 4,598 | 2,581 |
Intangible assets | 14,716 | 12,244 |
| \u00a0 | \u00a0 | \u00a0 |
Right of use assets | 1,435 | 1,165 |
Other tangible assets | 293 | 211 |
Tangible assets | 1,727 | 1,377 |
| \u00a0 | \u00a0 | \u00a0 |
Total depreciation and amortization | 16,443 | 13,621 |
Depreciation and amortization by function (EUR 1,000) | \u00a0 | \u00a0 |
|---|---|---|
Sales and marketing | 1,533 | 1,213 |
Research and development | 6,243 | 3,882 |
Administration | 8,668 | 8,525 |
Total depreciation and amortization | 16,443 | 13,621 |
EUR 1,000 | 2025 | 2024 |
|---|---|---|
Personnel expenses | \u00a0 | \u00a0 |
Wages and salaries | 33,971 | 36,065 |
Pension expenses - defined contribution plan | 4,960 | 4,856 |
Share-based payments | 1,140 | 1,045 |
Other social expenses | 2,742 | 3,062 |
Total | 42,812 | 45,029 |
For share-based payments, see further in Note 19. Share-based payment transactions.
Employee benefits of the management are stated in Note 24. Related party transactions.
| \u00a0 | 2025 | 2024 |
|---|---|---|
Average number of personnel | 526 | 519 |
Personnel by function December 31 | \u00a0 | \u00a0 |
|---|---|---|
Sales and marketing | 189 | 169 |
Research and development | 301 | 308 |
Administration | 59 | 52 |
Total | 549 | 529 |
The principles of lease accounting are stated in Note 1.2 Accounting principles, section Leases.
EUR 1,000 | 2025 | 2024 |
|---|---|---|
Depreciation | \u00a0 | \u00a0 |
Right of use assets | \u00a0 | \u00a0 |
Buildings | 1,234 | 1,049 |
Cars and machiney | 201 | 117 |
Total | 1,435 | 1,165 |
| \u00a0 | \u00a0 | \u00a0 |
Interest expense on lease liabilities | 132 | 66 |
| \u00a0 | \u00a0 | \u00a0 |
Short-term leases booked as rent expense | 291 | 213 |
Right of use assets | 2025 | 2024 |
|---|---|---|
Buildings | 4,099 | 969 |
Cars and machiney | 726 | 231 |
Total | 4,825 | 1,200 |
Lease liabilities | 2025 | 2024 |
|---|---|---|
Buildings | 4,330 | 988 |
Cars and machiney | 735 | 222 |
Total | 5,065 | 1,210 |
| \u00a0 | \u00a0 | \u00a0 |
Repayments of lease liabilities | 1,227 | 1,174 |
The increase in lease liabilities relates to the new lease agreement for headquarter office premises which was recorded in the balance sheet as right-of-use asset and lease liability in July 2025 when the lease term started. The four-year contract increased right-of-use assets value by EUR 4.0 million.
Right of use assets related changes are stated in Note 14. Non-current assets.
Interest expenses related to lease liabilities are stated in Note 9. Financial income and expenses.
Maturity of lease liabilities is stated in Note 20. Financial liabilities.
EUR 1,000 | 2025 | 2024 |
|---|---|---|
Depreciation and amortization of non-current assets | \u00a0 | \u00a0 |
Other intangible assets | 10,119 | 9,663 |
Capitalized development | 4,598 | 2,581 |
Intangible assets | 14,716 | 12,244 |
| \u00a0 | \u00a0 | \u00a0 |
Right of use assets | 1,435 | 1,165 |
Other tangible assets | 293 | 211 |
Tangible assets | 1,727 | 1,377 |
| \u00a0 | \u00a0 | \u00a0 |
Total depreciation and amortization | 16,443 | 13,621 |
Depreciation and amortization by function (EUR 1,000) | \u00a0 | \u00a0 |
|---|---|---|
Sales and marketing | 1,533 | 1,213 |
Research and development | 6,243 | 3,882 |
Administration | 8,668 | 8,525 |
Total depreciation and amortization | 16,443 | 13,621 |
EUR 1,000 | 2025 | 2024 |
|---|---|---|
Personnel expenses | \u00a0 | \u00a0 |
Wages and salaries | 33,971 | 36,065 |
Pension expenses - defined contribution plan | 4,960 | 4,856 |
Share-based payments | 1,140 | 1,045 |
Other social expenses | 2,742 | 3,062 |
Total | 42,812 | 45,029 |
For share-based payments, see further in Note 19. Share-based payment transactions.
Employee benefits of the management are stated in Note 24. Related party transactions.
| \u00a0 | 2025 | 2024 |
|---|---|---|
Average number of personnel | 526 | 519 |
Personnel by function December 31 | \u00a0 | \u00a0 |
|---|---|---|
Sales and marketing | 189 | 169 |
Research and development | 301 | 308 |
Administration | 59 | 52 |
Total | 549 | 529 |
The principles of lease accounting are stated in Note 1.2 Accounting principles, section Leases.
EUR 1,000 | 2025 | 2024 |
|---|---|---|
Depreciation | \u00a0 | \u00a0 |
Right of use assets | \u00a0 | \u00a0 |
Buildings | 1,234 | 1,049 |
Cars and machiney | 201 | 117 |
Total | 1,435 | 1,165 |
| \u00a0 | \u00a0 | \u00a0 |
Interest expense on lease liabilities | 132 | 66 |
| \u00a0 | \u00a0 | \u00a0 |
Short-term leases booked as rent expense | 291 | 213 |
Right of use assets | 2025 | 2024 |
|---|---|---|
Buildings | 4,099 | 969 |
Cars and machiney | 726 | 231 |
Total | 4,825 | 1,200 |
Lease liabilities | 2025 | 2024 |
|---|---|---|
Buildings | 4,330 | 988 |
Cars and machiney | 735 | 222 |
Total | 5,065 | 1,210 |
| \u00a0 | \u00a0 | \u00a0 |
Repayments of lease liabilities | 1,227 | 1,174 |
The increase in lease liabilities relates to the new lease agreement for headquarter office premises which was recorded in the balance sheet as right-of-use asset and lease liability in July 2025 when the lease term started. The four-year contract increased right-of-use assets value by EUR 4.0 million.
Right of use assets related changes are stated in Note 14. Non-current assets.
Interest expenses related to lease liabilities are stated in Note 9. Financial income and expenses.
Maturity of lease liabilities is stated in Note 20. Financial liabilities.
", "dimensions": { "concept": "ifrs-full:DisclosureOfLeasesExplanatory", "language": "en", "entity": "scheme:9845006BFDJF0375E466", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "table-blocktag-i5770": { "value": "Lease liabilities | 2025 | 2024 |
|---|---|---|
Buildings | 4,330 | 988 |
Cars and machiney | 735 | 222 |
Total | 5,065 | 1,210 |
| \u00a0 | \u00a0 | \u00a0 |
Repayments of lease liabilities | 1,227 | 1,174 |
The increase in lease liabilities relates to the new lease agreement for headquarter office premises which was recorded in the balance sheet as right-of-use asset and lease liability in July 2025 when the lease term started. The four-year contract increased right-of-use assets value by EUR 4.0 million.
", "dimensions": { "concept": "ifrs-full:DisclosureOfCommitmentsExplanatory", "language": "en", "entity": "scheme:9845006BFDJF0375E466", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "table-blocktag-i5771": { "value": "Lease liabilities | 2025 | 2024 |
|---|---|---|
Buildings | 4,330 | 988 |
Cars and machiney | 735 | 222 |
Total | 5,065 | 1,210 |
| \u00a0 | \u00a0 | \u00a0 |
Repayments of lease liabilities | 1,227 | 1,174 |
The increase in lease liabilities relates to the new lease agreement for headquarter office premises which was recorded in the balance sheet as right-of-use asset and lease liability in July 2025 when the lease term started. The four-year contract increased right-of-use assets value by EUR 4.0 million.
", "dimensions": { "concept": "ifrs-full:DisclosureOfCommitmentsAndContingentLiabilitiesExplanatory", "language": "en", "entity": "scheme:9845006BFDJF0375E466", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "section-blocktag-i5850": { "value": "EUR 1,000 | 2025 | 2024 |
|---|---|---|
Depreciation and amortization of non-current assets | \u00a0 | \u00a0 |
Other intangible assets | 10,119 | 9,663 |
Capitalized development | 4,598 | 2,581 |
Intangible assets | 14,716 | 12,244 |
| \u00a0 | \u00a0 | \u00a0 |
Right of use assets | 1,435 | 1,165 |
Other tangible assets | 293 | 211 |
Tangible assets | 1,727 | 1,377 |
| \u00a0 | \u00a0 | \u00a0 |
Total depreciation and amortization | 16,443 | 13,621 |
Depreciation and amortization by function (EUR 1,000) | \u00a0 | \u00a0 |
|---|---|---|
Sales and marketing | 1,533 | 1,213 |
Research and development | 6,243 | 3,882 |
Administration | 8,668 | 8,525 |
Total depreciation and amortization | 16,443 | 13,621 |
EUR 1,000 | 2025 | 2024 |
|---|---|---|
Depreciation and amortization of non-current assets | \u00a0 | \u00a0 |
Other intangible assets | 10,119 | 9,663 |
Capitalized development | 4,598 | 2,581 |
Intangible assets | 14,716 | 12,244 |
| \u00a0 | \u00a0 | \u00a0 |
Right of use assets | 1,435 | 1,165 |
Other tangible assets | 293 | 211 |
Tangible assets | 1,727 | 1,377 |
| \u00a0 | \u00a0 | \u00a0 |
Total depreciation and amortization | 16,443 | 13,621 |
Depreciation and amortization by function (EUR 1,000) | \u00a0 | \u00a0 |
|---|---|---|
Sales and marketing | 1,533 | 1,213 |
Research and development | 6,243 | 3,882 |
Administration | 8,668 | 8,525 |
Total depreciation and amortization | 16,443 | 13,621 |
EUR 1,000 | 2025 | 2024 |
|---|---|---|
Personnel expenses | \u00a0 | \u00a0 |
Wages and salaries | 33,971 | 36,065 |
Pension expenses - defined contribution plan | 4,960 | 4,856 |
Share-based payments | 1,140 | 1,045 |
Other social expenses | 2,742 | 3,062 |
Total | 42,812 | 45,029 |
For share-based payments, see further in Note 19. Share-based payment transactions.
Employee benefits of the management are stated in Note 24. Related party transactions.
| \u00a0 | 2025 | 2024 |
|---|---|---|
Average number of personnel | 526 | 519 |
Personnel by function December 31 | \u00a0 | \u00a0 |
|---|---|---|
Sales and marketing | 189 | 169 |
Research and development | 301 | 308 |
Administration | 59 | 52 |
Total | 549 | 529 |
EUR 1,000 | 2025 | 2024 |
|---|---|---|
Personnel expenses | \u00a0 | \u00a0 |
Wages and salaries | 33,971 | 36,065 |
Pension expenses - defined contribution plan | 4,960 | 4,856 |
Share-based payments | 1,140 | 1,045 |
Other social expenses | 2,742 | 3,062 |
Total | 42,812 | 45,029 |
For share-based payments, see further in Note 19. Share-based payment transactions.
Employee benefits of the management are stated in Note 24. Related party transactions.
| \u00a0 | 2025 | 2024 |
|---|---|---|
Average number of personnel | 526 | 519 |
Personnel by function December 31 | \u00a0 | \u00a0 |
|---|---|---|
Sales and marketing | 189 | 169 |
Research and development | 301 | 308 |
Administration | 59 | 52 |
Total | 549 | 529 |
EUR 1,000 | 2025 | 2024 |
|---|---|---|
Group auditor | \u00a0 | \u00a0 |
Audit fees, PricewaterhouseCoopers | 162 | 159 |
Audit related fees, PricewaterhouseCoopers | \u00a0 | 21 |
Tax consulting, PricewaterhouseCoopers | \u00a0 | 11 |
Other services, PricewaterhouseCoopers | 117 | 126 |
Total | 278 | 317 |
Other services include, among others sustainability assurance.
EUR 1,000 | 2025 | 2024 |
|---|---|---|
Other auditors | \u00a0 | \u00a0 |
Audit fees | 22 | 26 |
Total | 22 | 26 |
EUR 1,000 | 2025 | 2024 |
|---|---|---|
Financial income | \u00a0 | \u00a0 |
Exchange gains | 889 | 850 |
Interest income | 403 | 838 |
Other financial income | 3 | 26 |
Total | 1,295 | 1,714 |
| \u00a0 | \u00a0 | \u00a0 |
Financial expenses | \u00a0 | \u00a0 |
Exchange losses | -1,216 | -1,090 |
Interest expenses | -7,289 | -11,370 |
Other financial expenses | -648 | -597 |
Interest expense from lease liabilities | -132 | -66 |
Total | -9,285 | -13,124 |
EUR 1,000 | 2025 | 2024 |
|---|---|---|
Financial income | \u00a0 | \u00a0 |
Exchange gains | 889 | 850 |
Interest income | 403 | 838 |
Other financial income | 3 | 26 |
Total | 1,295 | 1,714 |
| \u00a0 | \u00a0 | \u00a0 |
Financial expenses | \u00a0 | \u00a0 |
Exchange losses | -1,216 | -1,090 |
Interest expenses | -7,289 | -11,370 |
Other financial expenses | -648 | -597 |
Interest expense from lease liabilities | -132 | -66 |
Total | -9,285 | -13,124 |
EUR 1,000 | 2025 | 2024 |
|---|---|---|
Financial income | \u00a0 | \u00a0 |
Exchange gains | 889 | 850 |
Interest income | 403 | 838 |
Other financial income | 3 | 26 |
Total | 1,295 | 1,714 |
| \u00a0 | \u00a0 | \u00a0 |
Financial expenses | \u00a0 | \u00a0 |
Exchange losses | -1,216 | -1,090 |
Interest expenses | -7,289 | -11,370 |
Other financial expenses | -648 | -597 |
Interest expense from lease liabilities | -132 | -66 |
Total | -9,285 | -13,124 |
EUR 1,000 | 2025 | 2024 |
|---|---|---|
Financial income | \u00a0 | \u00a0 |
Exchange gains | 889 | 850 |
Interest income | 403 | 838 |
Other financial income | 3 | 26 |
Total | 1,295 | 1,714 |
| \u00a0 | \u00a0 | \u00a0 |
Financial expenses | \u00a0 | \u00a0 |
Exchange losses | -1,216 | -1,090 |
Interest expenses | -7,289 | -11,370 |
Other financial expenses | -648 | -597 |
Interest expense from lease liabilities | -132 | -66 |
Total | -9,285 | -13,124 |
EUR 1,000 | 2025 | 2024 |
|---|---|---|
Financial income | \u00a0 | \u00a0 |
Exchange gains | 889 | 850 |
Interest income | 403 | 838 |
Other financial income | 3 | 26 |
Total | 1,295 | 1,714 |
| \u00a0 | \u00a0 | \u00a0 |
Financial expenses | \u00a0 | \u00a0 |
Exchange losses | -1,216 | -1,090 |
Interest expenses | -7,289 | -11,370 |
Other financial expenses | -648 | -597 |
Interest expense from lease liabilities | -132 | -66 |
Total | -9,285 | -13,124 |
EUR 1,000 | 2025 | 2024 |
|---|---|---|
Financial income | \u00a0 | \u00a0 |
Exchange gains | 889 | 850 |
Interest income | 403 | 838 |
Other financial income | 3 | 26 |
Total | 1,295 | 1,714 |
| \u00a0 | \u00a0 | \u00a0 |
Financial expenses | \u00a0 | \u00a0 |
Exchange losses | -1,216 | -1,090 |
Interest expenses | -7,289 | -11,370 |
Other financial expenses | -648 | -597 |
Interest expense from lease liabilities | -132 | -66 |
Total | -9,285 | -13,124 |
EUR 1,000 | 2025 | 2024 |
|---|---|---|
Financial income | \u00a0 | \u00a0 |
Exchange gains | 889 | 850 |
Interest income | 403 | 838 |
Other financial income | 3 | 26 |
Total | 1,295 | 1,714 |
| \u00a0 | \u00a0 | \u00a0 |
Financial expenses | \u00a0 | \u00a0 |
Exchange losses | -1,216 | -1,090 |
Interest expenses | -7,289 | -11,370 |
Other financial expenses | -648 | -597 |
Interest expense from lease liabilities | -132 | -66 |
Total | -9,285 | -13,124 |
This note presents F-Secure\u2019s income tax expenses included in the financial statements. The accounting principles of income taxes are stated in Note 1.2 Accounting principle, Income taxes.
EUR 1,000 | 2025 | 2024 |
|---|---|---|
Current income tax for the year | 3,002 | 3,610 |
Change in deferred tax | 2,175 | 2,334 |
Total | 5,178 | 5,944 |
A reconciliation of income tax expense in the income statement and income tax calculated at the parent company\u2019s country of residence income tax rate (20%):
EUR 1,000 | 2025 | 2024 |
|---|---|---|
Profit before taxes | 27,548 | 27,011 |
| \u00a0 | \u00a0 | \u00a0 |
Income tax at Finnish tax rate of 20% | -5,510 | -5,402 |
Effect of overseas tax rates | -254 | -425 |
Non-deductible expenses/tax-exempt revenue | 94 | -130 |
Effect of deferred tax not recognized | 0 | 8 |
Deferred tax adjustments | 245 | 41 |
Adjustments for prior period current tax | 250 | 10 |
Other | -3 | -46 |
Total | -5,178 | -5,944 |
Basic earnings per share amounts are calculated by dividing net profit for the year attributable to ordinary equity holders of the parent by the weighted average number of ordinary shares outstanding during the year. Diluted earnings per share amounts are calculated by dividing the net profit attributable to ordinary shareholders by the weighted average number of ordinary shares outstanding during the year adjusted for the effects of dilutive options.
EUR 1,000 | 2025 | 2024 |
|---|---|---|
Net profit attributable to equity holders from | 22,370 | 21,067 |
Weighted average number of ordinary shares (1 000) | 174,682 | 174,673 |
Weighted average number of ordinary shares (1 000), diluted | 175,453 | 174,924 |
Basic and diluted earnings per share (EUR/share) | 0.13 | 0.12 |
Earnings per share is based on the average number of shares. During the period, F-Secure hasn\u2019t had Treasury shares.
", "dimensions": { "concept": "ifrs-full:DisclosureOfEarningsPerShareExplanatory", "language": "en", "entity": "scheme:9845006BFDJF0375E466", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "p-blocktag-i6113": { "value": "Basic earnings per share amounts are calculated by dividing net profit for the year attributable to ordinary equity holders of the parent by the weighted average number of ordinary shares outstanding during the year. Diluted earnings per share amounts are calculated by dividing the net profit attributable to ordinary shareholders by the weighted average number of ordinary shares outstanding during the year adjusted for the effects of dilutive options.
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForEarningsPerShareExplanatory", "language": "en", "entity": "scheme:9845006BFDJF0375E466", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "section-blocktag-i6139": { "value": "Group hasn't made any acquisitions during 2025 or 2024.
", "dimensions": { "concept": "ifrs-full:DisclosureOfBusinessCombinationsExplanatory", "language": "en", "entity": "scheme:9845006BFDJF0375E466", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "section-blocktag-i6140": { "value": "For impairment testing goodwill is allocated to cash-generating units (CGUs). F-Secure has only one CGU which consists of F-Secure\u2019s total business. The carrying amount of goodwill EUR 87,029 thousand is allocated to this CGU.
Goodwill is tested for impairment annually, or more frequently if there are indications that goodwill might be impaired. The recoverable amount for the CGU is determined based on a value in use calculation which uses cash flows for the period determined for the CGU. Cash flows are based on financial budgets and forecasts approved by the Board of Directors. Forecast period of five years is used. Discount rate is 8.72% (8.39%) before taxes.
Cash flows beyond forecast period have been extrapolated using steady 2% (2%) per annum growth rate. Markets where CGU operates are expected to grow faster than the terminal growth rate in impairment testing. Market is expected to grow mid single digit annually by 2027 (based on F-Secure management estimate and industry analyst reports).
F-Secure has prepared a sensitivity analysis of the impairment tests, adjusting the key assumptions which are revenue, profitability, and discount rate -based on management judgment. Any reasonable possible changes in the key assumptions in impairment tests would not cause the aggregate carrying amounts exceeding the recoverable amounts.
", "dimensions": { "concept": "ifrs-full:DisclosureOfGoodwillExplanatory", "language": "en", "entity": "scheme:9845006BFDJF0375E466", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "section-blocktag-i6484": { "value": "| \u00a0 | \u00a0 | Intangible assets | \u00a0 | Tangible assets | \u00a0 | |||||
|---|---|---|---|---|---|---|---|---|---|---|
EUR 1,000 | Intellectual property1 | Other Intangible2 | Goodwill | Capitalized development3 | Advance payments & incomplete development | Total | Machinery & Equipment | Right of use assets | Other Tangible | Total |
Acquisition cost Dec 31, 2023 | 82,910 | 34,607 | 88,361 | 9,182 | 6,152 | 221,212 | 444 | 3,020 | 108 | 3,573 |
Translation difference | \u00a0 | 2,002 | 1,422 | \u00a0 | \u00a0 | 3,424 | 15 | -10 | \u00a0 | 5 |
Additions | \u00a0 | \u00a0 | \u00a0 | \u00a0 | 10,986 | 10,986 | 170 | 1,193 | 2 | 1,365 |
Transfers | \u00a0 | 6,955 | \u00a0 | 8,322 | -15,662 | -385 | \u00a0 | \u00a0 | \u00a0 | \u00a0 |
Disposals | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | -14 | -831 | \u00a0 | -845 |
Acquisition cost Dec 31, 2024 | 82,910 | 43,563 | 89,783 | 17,504 | 1,475 | 235,237 | 615 | 3,372 | 110 | 4,097 |
Translation difference | \u00a0 | -3,783 | -2,754 | \u00a0 | \u00a0 | -6,537 | -65 | -15 | \u00a0 | -79 |
Additions | \u00a0 | \u00a0 | \u00a0 | \u00a0 | 11,707 | 11,707 | 880 | 5,082 | 130 | 6,092 |
Transfers | \u00a0 | 3,542 | \u00a0 | 3,735 | -7,277 | 0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 |
Disposals | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | -115 | -2,239 | -2 | -2,356 |
Acquisition cost Dec 31, 2025 | 82,910 | 43,322 | 87,029 | 21,240 | 5,906 | 240,407 | 1,316 | 6,200 | 238 | 7,754 |
| \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 |
Acc. depreciation Dec 31, 2023 | -3,125 | -1,670 | \u00a0 | -2,876 | \u00a0 | -7,672 | -121 | -1,763 | -71 | -1,956 |
Translation difference | \u00a0 | -154 | \u00a0 | \u00a0 | \u00a0 | -154 | -3 | 7 | \u00a0 | 5 |
Transfers | \u00a0 | 282 | \u00a0 | 103 | \u00a0 | 385 | \u00a0 | \u00a0 | \u00a0 | \u00a0 |
Depreciation for the period | -5,546 | -4,149 | \u00a0 | -2,581 | \u00a0 | -12,276 | -182 | -1,175 | -34 | -1,391 |
Depreciation of disposals | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | 12 | 759 | \u00a0 | 770 |
Acc. depreciation Dec 31, 2024 | -8,671 | -5,691 | \u00a0 | -5,354 | \u00a0 | -19,717 | -294 | -2,172 | -105 | -2,571 |
Translation difference | 400 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | 400 | 19 | 4 | \u00a0 | 23 |
Transfers | -119 | 551 | \u00a0 | -432 | \u00a0 | 0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 |
Depreciation for the period | -5,592 | -4,979 | \u00a0 | -4,047 | \u00a0 | -14,617 | -270 | -1,436 | -19 | -1,725 |
Depreciation of disposals | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | 81 | 2,229 | \u00a0 | 2,310 |
Acc. depreciation Dec 31, 2025 | -13,982 | -10,119 | \u00a0 | -9,833 | \u00a0 | -33,934 | -463 | -1,375 | -125 | -1,963 |
| \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 |
Book value as at Dec 31, 2024 | 74,239 | 37,872 | 89,783 | 12,150 | 1,475 | 215,520 | 321 | 1,200 | 5 | 1,526 |
Book value as at Dec 31, 2025 | 68,929 | 33,203 | 87,029 | 11,406 | 5,906 | 206,473 | 853 | 4,825 | 113 | 5,791 |
| \u00a0 | \u00a0 | Intangible assets | \u00a0 | Tangible assets | \u00a0 | |||||
|---|---|---|---|---|---|---|---|---|---|---|
EUR 1,000 | Intellectual property1 | Other Intangible2 | Goodwill | Capitalized development3 | Advance payments & incomplete development | Total | Machinery & Equipment | Right of use assets | Other Tangible | Total |
Acquisition cost Dec 31, 2023 | 82,910 | 34,607 | 88,361 | 9,182 | 6,152 | 221,212 | 444 | 3,020 | 108 | 3,573 |
Translation difference | \u00a0 | 2,002 | 1,422 | \u00a0 | \u00a0 | 3,424 | 15 | -10 | \u00a0 | 5 |
Additions | \u00a0 | \u00a0 | \u00a0 | \u00a0 | 10,986 | 10,986 | 170 | 1,193 | 2 | 1,365 |
Transfers | \u00a0 | 6,955 | \u00a0 | 8,322 | -15,662 | -385 | \u00a0 | \u00a0 | \u00a0 | \u00a0 |
Disposals | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | -14 | -831 | \u00a0 | -845 |
Acquisition cost Dec 31, 2024 | 82,910 | 43,563 | 89,783 | 17,504 | 1,475 | 235,237 | 615 | 3,372 | 110 | 4,097 |
Translation difference | \u00a0 | -3,783 | -2,754 | \u00a0 | \u00a0 | -6,537 | -65 | -15 | \u00a0 | -79 |
Additions | \u00a0 | \u00a0 | \u00a0 | \u00a0 | 11,707 | 11,707 | 880 | 5,082 | 130 | 6,092 |
Transfers | \u00a0 | 3,542 | \u00a0 | 3,735 | -7,277 | 0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 |
Disposals | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | -115 | -2,239 | -2 | -2,356 |
Acquisition cost Dec 31, 2025 | 82,910 | 43,322 | 87,029 | 21,240 | 5,906 | 240,407 | 1,316 | 6,200 | 238 | 7,754 |
| \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 |
Acc. depreciation Dec 31, 2023 | -3,125 | -1,670 | \u00a0 | -2,876 | \u00a0 | -7,672 | -121 | -1,763 | -71 | -1,956 |
Translation difference | \u00a0 | -154 | \u00a0 | \u00a0 | \u00a0 | -154 | -3 | 7 | \u00a0 | 5 |
Transfers | \u00a0 | 282 | \u00a0 | 103 | \u00a0 | 385 | \u00a0 | \u00a0 | \u00a0 | \u00a0 |
Depreciation for the period | -5,546 | -4,149 | \u00a0 | -2,581 | \u00a0 | -12,276 | -182 | -1,175 | -34 | -1,391 |
Depreciation of disposals | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | 12 | 759 | \u00a0 | 770 |
Acc. depreciation Dec 31, 2024 | -8,671 | -5,691 | \u00a0 | -5,354 | \u00a0 | -19,717 | -294 | -2,172 | -105 | -2,571 |
Translation difference | 400 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | 400 | 19 | 4 | \u00a0 | 23 |
Transfers | -119 | 551 | \u00a0 | -432 | \u00a0 | 0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 |
Depreciation for the period | -5,592 | -4,979 | \u00a0 | -4,047 | \u00a0 | -14,617 | -270 | -1,436 | -19 | -1,725 |
Depreciation of disposals | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | 81 | 2,229 | \u00a0 | 2,310 |
Acc. depreciation Dec 31, 2025 | -13,982 | -10,119 | \u00a0 | -9,833 | \u00a0 | -33,934 | -463 | -1,375 | -125 | -1,963 |
| \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 |
Book value as at Dec 31, 2024 | 74,239 | 37,872 | 89,783 | 12,150 | 1,475 | 215,520 | 321 | 1,200 | 5 | 1,526 |
Book value as at Dec 31, 2025 | 68,929 | 33,203 | 87,029 | 11,406 | 5,906 | 206,473 | 853 | 4,825 | 113 | 5,791 |
| \u00a0 | \u00a0 | Intangible assets | \u00a0 | Tangible assets | \u00a0 | |||||
|---|---|---|---|---|---|---|---|---|---|---|
EUR 1,000 | Intellectual property1 | Other Intangible2 | Goodwill | Capitalized development3 | Advance payments & incomplete development | Total | Machinery & Equipment | Right of use assets | Other Tangible | Total |
Acquisition cost Dec 31, 2023 | 82,910 | 34,607 | 88,361 | 9,182 | 6,152 | 221,212 | 444 | 3,020 | 108 | 3,573 |
Translation difference | \u00a0 | 2,002 | 1,422 | \u00a0 | \u00a0 | 3,424 | 15 | -10 | \u00a0 | 5 |
Additions | \u00a0 | \u00a0 | \u00a0 | \u00a0 | 10,986 | 10,986 | 170 | 1,193 | 2 | 1,365 |
Transfers | \u00a0 | 6,955 | \u00a0 | 8,322 | -15,662 | -385 | \u00a0 | \u00a0 | \u00a0 | \u00a0 |
Disposals | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | -14 | -831 | \u00a0 | -845 |
Acquisition cost Dec 31, 2024 | 82,910 | 43,563 | 89,783 | 17,504 | 1,475 | 235,237 | 615 | 3,372 | 110 | 4,097 |
Translation difference | \u00a0 | -3,783 | -2,754 | \u00a0 | \u00a0 | -6,537 | -65 | -15 | \u00a0 | -79 |
Additions | \u00a0 | \u00a0 | \u00a0 | \u00a0 | 11,707 | 11,707 | 880 | 5,082 | 130 | 6,092 |
Transfers | \u00a0 | 3,542 | \u00a0 | 3,735 | -7,277 | 0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 |
Disposals | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | -115 | -2,239 | -2 | -2,356 |
Acquisition cost Dec 31, 2025 | 82,910 | 43,322 | 87,029 | 21,240 | 5,906 | 240,407 | 1,316 | 6,200 | 238 | 7,754 |
| \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 |
Acc. depreciation Dec 31, 2023 | -3,125 | -1,670 | \u00a0 | -2,876 | \u00a0 | -7,672 | -121 | -1,763 | -71 | -1,956 |
Translation difference | \u00a0 | -154 | \u00a0 | \u00a0 | \u00a0 | -154 | -3 | 7 | \u00a0 | 5 |
Transfers | \u00a0 | 282 | \u00a0 | 103 | \u00a0 | 385 | \u00a0 | \u00a0 | \u00a0 | \u00a0 |
Depreciation for the period | -5,546 | -4,149 | \u00a0 | -2,581 | \u00a0 | -12,276 | -182 | -1,175 | -34 | -1,391 |
Depreciation of disposals | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | 12 | 759 | \u00a0 | 770 |
Acc. depreciation Dec 31, 2024 | -8,671 | -5,691 | \u00a0 | -5,354 | \u00a0 | -19,717 | -294 | -2,172 | -105 | -2,571 |
Translation difference | 400 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | 400 | 19 | 4 | \u00a0 | 23 |
Transfers | -119 | 551 | \u00a0 | -432 | \u00a0 | 0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 |
Depreciation for the period | -5,592 | -4,979 | \u00a0 | -4,047 | \u00a0 | -14,617 | -270 | -1,436 | -19 | -1,725 |
Depreciation of disposals | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | 81 | 2,229 | \u00a0 | 2,310 |
Acc. depreciation Dec 31, 2025 | -13,982 | -10,119 | \u00a0 | -9,833 | \u00a0 | -33,934 | -463 | -1,375 | -125 | -1,963 |
| \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 |
Book value as at Dec 31, 2024 | 74,239 | 37,872 | 89,783 | 12,150 | 1,475 | 215,520 | 321 | 1,200 | 5 | 1,526 |
Book value as at Dec 31, 2025 | 68,929 | 33,203 | 87,029 | 11,406 | 5,906 | 206,473 | 853 | 4,825 | 113 | 5,791 |
| \u00a0 | \u00a0 | Intangible assets | \u00a0 | Tangible assets | \u00a0 | |||||
|---|---|---|---|---|---|---|---|---|---|---|
EUR 1,000 | Intellectual property1 | Other Intangible2 | Goodwill | Capitalized development3 | Advance payments & incomplete development | Total | Machinery & Equipment | Right of use assets | Other Tangible | Total |
Acquisition cost Dec 31, 2023 | 82,910 | 34,607 | 88,361 | 9,182 | 6,152 | 221,212 | 444 | 3,020 | 108 | 3,573 |
Translation difference | \u00a0 | 2,002 | 1,422 | \u00a0 | \u00a0 | 3,424 | 15 | -10 | \u00a0 | 5 |
Additions | \u00a0 | \u00a0 | \u00a0 | \u00a0 | 10,986 | 10,986 | 170 | 1,193 | 2 | 1,365 |
Transfers | \u00a0 | 6,955 | \u00a0 | 8,322 | -15,662 | -385 | \u00a0 | \u00a0 | \u00a0 | \u00a0 |
Disposals | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | -14 | -831 | \u00a0 | -845 |
Acquisition cost Dec 31, 2024 | 82,910 | 43,563 | 89,783 | 17,504 | 1,475 | 235,237 | 615 | 3,372 | 110 | 4,097 |
Translation difference | \u00a0 | -3,783 | -2,754 | \u00a0 | \u00a0 | -6,537 | -65 | -15 | \u00a0 | -79 |
Additions | \u00a0 | \u00a0 | \u00a0 | \u00a0 | 11,707 | 11,707 | 880 | 5,082 | 130 | 6,092 |
Transfers | \u00a0 | 3,542 | \u00a0 | 3,735 | -7,277 | 0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 |
Disposals | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | -115 | -2,239 | -2 | -2,356 |
Acquisition cost Dec 31, 2025 | 82,910 | 43,322 | 87,029 | 21,240 | 5,906 | 240,407 | 1,316 | 6,200 | 238 | 7,754 |
| \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 |
Acc. depreciation Dec 31, 2023 | -3,125 | -1,670 | \u00a0 | -2,876 | \u00a0 | -7,672 | -121 | -1,763 | -71 | -1,956 |
Translation difference | \u00a0 | -154 | \u00a0 | \u00a0 | \u00a0 | -154 | -3 | 7 | \u00a0 | 5 |
Transfers | \u00a0 | 282 | \u00a0 | 103 | \u00a0 | 385 | \u00a0 | \u00a0 | \u00a0 | \u00a0 |
Depreciation for the period | -5,546 | -4,149 | \u00a0 | -2,581 | \u00a0 | -12,276 | -182 | -1,175 | -34 | -1,391 |
Depreciation of disposals | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | 12 | 759 | \u00a0 | 770 |
Acc. depreciation Dec 31, 2024 | -8,671 | -5,691 | \u00a0 | -5,354 | \u00a0 | -19,717 | -294 | -2,172 | -105 | -2,571 |
Translation difference | 400 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | 400 | 19 | 4 | \u00a0 | 23 |
Transfers | -119 | 551 | \u00a0 | -432 | \u00a0 | 0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 |
Depreciation for the period | -5,592 | -4,979 | \u00a0 | -4,047 | \u00a0 | -14,617 | -270 | -1,436 | -19 | -1,725 |
Depreciation of disposals | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | 81 | 2,229 | \u00a0 | 2,310 |
Acc. depreciation Dec 31, 2025 | -13,982 | -10,119 | \u00a0 | -9,833 | \u00a0 | -33,934 | -463 | -1,375 | -125 | -1,963 |
| \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 |
Book value as at Dec 31, 2024 | 74,239 | 37,872 | 89,783 | 12,150 | 1,475 | 215,520 | 321 | 1,200 | 5 | 1,526 |
Book value as at Dec 31, 2025 | 68,929 | 33,203 | 87,029 | 11,406 | 5,906 | 206,473 | 853 | 4,825 | 113 | 5,791 |
The accounting principles of inventories are stated in Note 1.2 Accounting principles, section Inventories.
EUR 1,000 | 2025 | 2024 |
|---|---|---|
Inventories | 20 | 29 |
The inventory balances included in the financial statements consist of the packaging used for license key cards.
", "dimensions": { "concept": "ifrs-full:DisclosureOfInventoriesExplanatory", "language": "en", "entity": "scheme:9845006BFDJF0375E466", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "section-blocktag-i6683": { "value": "This note presents F-Secure\u2019s financial assets included in the financial statements. The accounting principles of financial assets are stated in Note 1.2 Accounting principles, section Financial instruments.
EUR 1,000 | 2025 | 2024 |
|---|---|---|
Cash at bank and in hand | 10,771 | 8,095 |
Interest-bearing receivables, current | \u00a0 | 3,757 |
Trade receivables | 25,594 | 27,604 |
Total | 36,365 | 39,455 |
Interest-bearing receivables in 2024 relate to WithSecure structuring loans which were paid in the second quarter of 2025.
Trade receivables 31 Dec 2025 (EUR 1,000) | Not fallen due | Overdue 1-30 days | Overdue 31-60 days | Overdue 61-90 days | Overdue 91-120 days | Overdue more than 120 days | Total |
|---|---|---|---|---|---|---|---|
Average expected credit loss rate | 0.3 % | 0.3 % | 5.0 % | 12.0 % | 17.0 % | 35.0 % | \u00a0 |
Gross trade receivables | 22,189 | 2,568 | 446 | 17 | 427 | 359 | 26,005 |
Loss allowance | -67 | -8 | -23 | -3 | -73 | -108 | -281 |
Additional provision | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | -131 | -131 |
Total trade recelvables at amortized cost Dec 31, 2025 | 22,122 | 2,560 | 423 | 14 | 354 | 120 | 25,594 |
Trade receivables 31 Dec 2024 (EUR 1,000) | Not fallen due | Overdue 1-30 days | Overdue 31-60 days | Overdue 61-90 days | Overdue 91-120 days | Overdue more than 120 days | Total |
|---|---|---|---|---|---|---|---|
Average expected credit loss rate | 0.4 % | 0.4 % | 5.0 % | 12.0 % | 17.0 % | 35.0 % | \u00a0 |
Gross trade receivables | 22,039 | 4,058 | 413 | 685 | 421 | 675 | 28,291 |
Loss allowance | -88 | -16 | -21 | -82 | -71 | -249 | -528 |
Additional provision | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | -160 | -160 |
Total trade recelvables at amortized cost Dec 31, 2024 | 21,951 | 4,042 | 392 | 603 | 349 | 266 | 27,604 |
EUR 1,000 | 2025 | 2024 |
|---|---|---|
Movements in loss allowances on trade receivables | \u00a0 | \u00a0 |
Book value as at Jan 1 | 687 | 547 |
Change for the year | -271 | 190 |
Receivables written off during the year | -5 | -49 |
Book value as at Dec 31 | 412 | 687 |
F-Secure\u2019s financial liabilities consist of interest-bearing liabilities and trade payables. Interest-bearing liabilities include bank loans, and lease liabilities from building, office equipment and cars (see Note 1.2 Accounting principles, section Leases and Note 5. Leases).
EUR 1,000 | 2025 | 2024 |
|---|---|---|
Bank loans | 151,336 | 168,933 |
Lease liabilities | 5,065 | 1,210 |
Other interest-bearing liabilities | \u00a0 | 5,334 |
Total | 156,401 | 175,477 |
The Lookout consumer business unit acquisition in 2023 was financed with debt for which facilities agreement was entered into with Danske Bank A/S and OP Corporate Bank plc. The financing package consisted of two facilities, (i) a EUR 202\u00a0million amortizing term loan to finance the acquisition, and (ii) an EUR 20 million revolving loan facility to be used for general corporate purposes of the group. Both facilities held a maturity of 5 years since F-Secure has exercised the extension options. Facilities mature in 2028. The interest rate for credit facilities is variable. During the accounting period, the term loan was repaid by EUR 45.0 million (EUR 30.0 million). The revolving credit facility is undrawn at the reporting date.
During the second quarter of 2025, F-Secure signed and withdrew EUR\u00a035\u00a0million loan from Nordic Investment Bank (NIB). The loan has seven-year maturity, and the first two years of the loan are repayment-free.
All Group\u2019s loan agreements include a financial covenant, measured on a quarterly basis. The covenant relates to the ratio between net debt and EBITDA, as defined under the terms of the loan agreement. The group has met covenant terms and conditions on the reporting date. Carrying amount for bank loans at the end of reporting period is EUR 151.4 million (EUR 168.9 million).
Prior to completion of the demerger, WithSecure\u2019s consumer business conducted by its foreign subsidiaries was separated from the rest of the business into separate companies through business acquisitions or similar transactions in each relevant country. These balances were due for payment in the second quarter of 2025. F-Secure\u2019s payables totaled EUR 5.3 million and the receivables totaled EUR 3.7\u00a0million. There are no more outstanding balances between WithSecure and F-Secure.
F-Secure has no outstanding derivative contracts on 31 December 2025.
EUR 1,000 | 2025 | 2024 |
|---|---|---|
Amount due for settlement within 12 months | 31,710 | 44,046 |
Amount due for settlement after 12 months | 124,691 | 131,431 |
Total | 156,401 | 175,477 |
Bank loan carry variable interest rates. The weighted average interest rates paid during the year were as follows:
| \u00a0 | 2025 | 2024 |
|---|---|---|
Bank loans | 3.8 % | 5.8 % |
Contractual maturities of financial liabilities | Less than 1 year | 1 to 2 years | 2 to 3 years | 3 to 4 years | 4 to 5 years | over 5 years | Total contractual cash flows | Carrying amount |
|---|---|---|---|---|---|---|---|---|
2025 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 |
Bank loans | 30,000 | 36,364 | 63,364 | 6,364 | 6,364 | 9,545 | 152,000 | 151,336 |
Interest payment for bank loan | 5,469 | 4,282 | 1,762 | 821 | 568 | 378 | \u00a0 | \u00a0 |
Lease liabilities | 1,791 | 1,568 | 1,291 | 752 | 66 | 39 | 5,507 | 5,065 |
Trade payables | 2,530 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | 2,530 | 2,530 |
Total | 39,791 | 42,214 | 66,416 | 7,937 | 6,998 | 9,962 | 160,037 | 158,931 |
Contractual maturities of financial liabilities | Less than 1 year | 1 to 2 years | 2 to 3 years | 3 to 4 years | 4 to 5 years | over 5 years | Total contractual cash flows | Carrying amount |
|---|---|---|---|---|---|---|---|---|
2024 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 |
Bank loans | 38,000 | 30,000 | 102,000 | \u00a0 | \u00a0 | \u00a0 | 170,000 | 168,933 |
Interest payment for bank loan | 7,059 | 5,507 | 1,435 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 |
Lease liabilities | 756 | 328 | 111 | 37 | 14 | \u00a0 | 1,247 | 1,210 |
Other interest-bearing liabilities | 5,334 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | 5,334 | 5,334 |
Trade payables | 1,545 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | 1,545 | 1,545 |
Total | 52,694 | 35,835 | 103,545 | 37 | 14 | 0 | 178,125 | 177,022 |
This note presents F-Secure\u2019s financial assets included in the financial statements. The accounting principles of financial assets are stated in Note 1.2 Accounting principles, section Financial instruments.
EUR 1,000 | 2025 | 2024 |
|---|---|---|
Cash at bank and in hand | 10,771 | 8,095 |
Interest-bearing receivables, current | \u00a0 | 3,757 |
Trade receivables | 25,594 | 27,604 |
Total | 36,365 | 39,455 |
Interest-bearing receivables in 2024 relate to WithSecure structuring loans which were paid in the second quarter of 2025.
Trade receivables 31 Dec 2025 (EUR 1,000) | Not fallen due | Overdue 1-30 days | Overdue 31-60 days | Overdue 61-90 days | Overdue 91-120 days | Overdue more than 120 days | Total |
|---|---|---|---|---|---|---|---|
Average expected credit loss rate | 0.3 % | 0.3 % | 5.0 % | 12.0 % | 17.0 % | 35.0 % | \u00a0 |
Gross trade receivables | 22,189 | 2,568 | 446 | 17 | 427 | 359 | 26,005 |
Loss allowance | -67 | -8 | -23 | -3 | -73 | -108 | -281 |
Additional provision | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | -131 | -131 |
Total trade recelvables at amortized cost Dec 31, 2025 | 22,122 | 2,560 | 423 | 14 | 354 | 120 | 25,594 |
Trade receivables 31 Dec 2024 (EUR 1,000) | Not fallen due | Overdue 1-30 days | Overdue 31-60 days | Overdue 61-90 days | Overdue 91-120 days | Overdue more than 120 days | Total |
|---|---|---|---|---|---|---|---|
Average expected credit loss rate | 0.4 % | 0.4 % | 5.0 % | 12.0 % | 17.0 % | 35.0 % | \u00a0 |
Gross trade receivables | 22,039 | 4,058 | 413 | 685 | 421 | 675 | 28,291 |
Loss allowance | -88 | -16 | -21 | -82 | -71 | -249 | -528 |
Additional provision | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | -160 | -160 |
Total trade recelvables at amortized cost Dec 31, 2024 | 21,951 | 4,042 | 392 | 603 | 349 | 266 | 27,604 |
EUR 1,000 | 2025 | 2024 |
|---|---|---|
Movements in loss allowances on trade receivables | \u00a0 | \u00a0 |
Book value as at Jan 1 | 687 | 547 |
Change for the year | -271 | 190 |
Receivables written off during the year | -5 | -49 |
Book value as at Dec 31 | 412 | 687 |
EUR 1,000 | 2025 | 2024 |
|---|---|---|
Other receivables | 590 | 223 |
Total | 590 | 223 |
EUR 1,000 | 2025 | 2024 |
|---|---|---|
Other receivables | 551 | 845 |
Prepaid expenses | 7,836 | 8,600 |
Accrued income | 2,435 | 3,333 |
Income tax receivables | 861 | 968 |
Total | 11,682 | 13,747 |
EUR 1,000 | 2025 | 2024 |
|---|---|---|
Prepaid software subscriptions | 1,967 | 1,688 |
Accrued sales commissions | 1,698 | 2,215 |
Prepaid and accrued royalty | 1,746 | 2,440 |
Merchandise cost | 1,347 | 453 |
Grant receivable | 563 | 192 |
Other prepaid expenses | 515 | 1,612 |
Total | 7,836 | 8,600 |
Comparison year figures have been reclassified to give more accurate view on material items.
", "dimensions": { "concept": "ifrs-full:DisclosureOfOtherAssetsExplanatory", "language": "en", "entity": "scheme:9845006BFDJF0375E466", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "section-blocktag-i6685": { "value": "This note presents F-Secure\u2019s financial assets included in the financial statements. The accounting principles of financial assets are stated in Note 1.2 Accounting principles, section Financial instruments.
EUR 1,000 | 2025 | 2024 |
|---|---|---|
Cash at bank and in hand | 10,771 | 8,095 |
Interest-bearing receivables, current | \u00a0 | 3,757 |
Trade receivables | 25,594 | 27,604 |
Total | 36,365 | 39,455 |
Interest-bearing receivables in 2024 relate to WithSecure structuring loans which were paid in the second quarter of 2025.
Trade receivables 31 Dec 2025 (EUR 1,000) | Not fallen due | Overdue 1-30 days | Overdue 31-60 days | Overdue 61-90 days | Overdue 91-120 days | Overdue more than 120 days | Total |
|---|---|---|---|---|---|---|---|
Average expected credit loss rate | 0.3 % | 0.3 % | 5.0 % | 12.0 % | 17.0 % | 35.0 % | \u00a0 |
Gross trade receivables | 22,189 | 2,568 | 446 | 17 | 427 | 359 | 26,005 |
Loss allowance | -67 | -8 | -23 | -3 | -73 | -108 | -281 |
Additional provision | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | -131 | -131 |
Total trade recelvables at amortized cost Dec 31, 2025 | 22,122 | 2,560 | 423 | 14 | 354 | 120 | 25,594 |
Trade receivables 31 Dec 2024 (EUR 1,000) | Not fallen due | Overdue 1-30 days | Overdue 31-60 days | Overdue 61-90 days | Overdue 91-120 days | Overdue more than 120 days | Total |
|---|---|---|---|---|---|---|---|
Average expected credit loss rate | 0.4 % | 0.4 % | 5.0 % | 12.0 % | 17.0 % | 35.0 % | \u00a0 |
Gross trade receivables | 22,039 | 4,058 | 413 | 685 | 421 | 675 | 28,291 |
Loss allowance | -88 | -16 | -21 | -82 | -71 | -249 | -528 |
Additional provision | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | -160 | -160 |
Total trade recelvables at amortized cost Dec 31, 2024 | 21,951 | 4,042 | 392 | 603 | 349 | 266 | 27,604 |
EUR 1,000 | 2025 | 2024 |
|---|---|---|
Movements in loss allowances on trade receivables | \u00a0 | \u00a0 |
Book value as at Jan 1 | 687 | 547 |
Change for the year | -271 | 190 |
Receivables written off during the year | -5 | -49 |
Book value as at Dec 31 | 412 | 687 |
EUR 1,000 | 2025 | 2024 |
|---|---|---|
Other receivables | 590 | 223 |
Total | 590 | 223 |
EUR 1,000 | 2025 | 2024 |
|---|---|---|
Other receivables | 551 | 845 |
Prepaid expenses | 7,836 | 8,600 |
Accrued income | 2,435 | 3,333 |
Income tax receivables | 861 | 968 |
Total | 11,682 | 13,747 |
EUR 1,000 | 2025 | 2024 |
|---|---|---|
Prepaid software subscriptions | 1,967 | 1,688 |
Accrued sales commissions | 1,698 | 2,215 |
Prepaid and accrued royalty | 1,746 | 2,440 |
Merchandise cost | 1,347 | 453 |
Grant receivable | 563 | 192 |
Other prepaid expenses | 515 | 1,612 |
Total | 7,836 | 8,600 |
Comparison year figures have been reclassified to give more accurate view on material items.
", "dimensions": { "concept": "ifrs-full:DisclosureOfOtherCurrentAssetsExplanatory", "language": "en", "entity": "scheme:9845006BFDJF0375E466", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "section-blocktag-i6686": { "value": "This note presents F-Secure\u2019s financial assets included in the financial statements. The accounting principles of financial assets are stated in Note 1.2 Accounting principles, section Financial instruments.
EUR 1,000 | 2025 | 2024 |
|---|---|---|
Cash at bank and in hand | 10,771 | 8,095 |
Interest-bearing receivables, current | \u00a0 | 3,757 |
Trade receivables | 25,594 | 27,604 |
Total | 36,365 | 39,455 |
Interest-bearing receivables in 2024 relate to WithSecure structuring loans which were paid in the second quarter of 2025.
Trade receivables 31 Dec 2025 (EUR 1,000) | Not fallen due | Overdue 1-30 days | Overdue 31-60 days | Overdue 61-90 days | Overdue 91-120 days | Overdue more than 120 days | Total |
|---|---|---|---|---|---|---|---|
Average expected credit loss rate | 0.3 % | 0.3 % | 5.0 % | 12.0 % | 17.0 % | 35.0 % | \u00a0 |
Gross trade receivables | 22,189 | 2,568 | 446 | 17 | 427 | 359 | 26,005 |
Loss allowance | -67 | -8 | -23 | -3 | -73 | -108 | -281 |
Additional provision | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | -131 | -131 |
Total trade recelvables at amortized cost Dec 31, 2025 | 22,122 | 2,560 | 423 | 14 | 354 | 120 | 25,594 |
Trade receivables 31 Dec 2024 (EUR 1,000) | Not fallen due | Overdue 1-30 days | Overdue 31-60 days | Overdue 61-90 days | Overdue 91-120 days | Overdue more than 120 days | Total |
|---|---|---|---|---|---|---|---|
Average expected credit loss rate | 0.4 % | 0.4 % | 5.0 % | 12.0 % | 17.0 % | 35.0 % | \u00a0 |
Gross trade receivables | 22,039 | 4,058 | 413 | 685 | 421 | 675 | 28,291 |
Loss allowance | -88 | -16 | -21 | -82 | -71 | -249 | -528 |
Additional provision | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | -160 | -160 |
Total trade recelvables at amortized cost Dec 31, 2024 | 21,951 | 4,042 | 392 | 603 | 349 | 266 | 27,604 |
EUR 1,000 | 2025 | 2024 |
|---|---|---|
Movements in loss allowances on trade receivables | \u00a0 | \u00a0 |
Book value as at Jan 1 | 687 | 547 |
Change for the year | -271 | 190 |
Receivables written off during the year | -5 | -49 |
Book value as at Dec 31 | 412 | 687 |
EUR 1,000 | 2025 | 2024 |
|---|---|---|
Other receivables | 590 | 223 |
Total | 590 | 223 |
EUR 1,000 | 2025 | 2024 |
|---|---|---|
Other receivables | 551 | 845 |
Prepaid expenses | 7,836 | 8,600 |
Accrued income | 2,435 | 3,333 |
Income tax receivables | 861 | 968 |
Total | 11,682 | 13,747 |
EUR 1,000 | 2025 | 2024 |
|---|---|---|
Prepaid software subscriptions | 1,967 | 1,688 |
Accrued sales commissions | 1,698 | 2,215 |
Prepaid and accrued royalty | 1,746 | 2,440 |
Merchandise cost | 1,347 | 453 |
Grant receivable | 563 | 192 |
Other prepaid expenses | 515 | 1,612 |
Total | 7,836 | 8,600 |
Comparison year figures have been reclassified to give more accurate view on material items.
", "dimensions": { "concept": "ifrs-full:DisclosureOfTradeAndOtherReceivablesExplanatory", "language": "en", "entity": "scheme:9845006BFDJF0375E466", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "table-blocktag-i6525": { "value": "EUR 1,000 | 2025 | 2024 |
|---|---|---|
Cash at bank and in hand | 10,771 | 8,095 |
Interest-bearing receivables, current | \u00a0 | 3,757 |
Trade receivables | 25,594 | 27,604 |
Total | 36,365 | 39,455 |
Trade receivables 31 Dec 2025 (EUR 1,000) | Not fallen due | Overdue 1-30 days | Overdue 31-60 days | Overdue 61-90 days | Overdue 91-120 days | Overdue more than 120 days | Total |
|---|---|---|---|---|---|---|---|
Average expected credit loss rate | 0.3 % | 0.3 % | 5.0 % | 12.0 % | 17.0 % | 35.0 % | \u00a0 |
Gross trade receivables | 22,189 | 2,568 | 446 | 17 | 427 | 359 | 26,005 |
Loss allowance | -67 | -8 | -23 | -3 | -73 | -108 | -281 |
Additional provision | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | -131 | -131 |
Total trade recelvables at amortized cost Dec 31, 2025 | 22,122 | 2,560 | 423 | 14 | 354 | 120 | 25,594 |
Trade receivables 31 Dec 2024 (EUR 1,000) | Not fallen due | Overdue 1-30 days | Overdue 31-60 days | Overdue 61-90 days | Overdue 91-120 days | Overdue more than 120 days | Total |
|---|---|---|---|---|---|---|---|
Average expected credit loss rate | 0.4 % | 0.4 % | 5.0 % | 12.0 % | 17.0 % | 35.0 % | \u00a0 |
Gross trade receivables | 22,039 | 4,058 | 413 | 685 | 421 | 675 | 28,291 |
Loss allowance | -88 | -16 | -21 | -82 | -71 | -249 | -528 |
Additional provision | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | -160 | -160 |
Total trade recelvables at amortized cost Dec 31, 2024 | 21,951 | 4,042 | 392 | 603 | 349 | 266 | 27,604 |
EUR 1,000 | 2025 | 2024 |
|---|---|---|
Other receivables | 590 | 223 |
Total | 590 | 223 |
EUR 1,000 | 2025 | 2024 |
|---|---|---|
Other receivables | 551 | 845 |
Prepaid expenses | 7,836 | 8,600 |
Accrued income | 2,435 | 3,333 |
Income tax receivables | 861 | 968 |
Total | 11,682 | 13,747 |
EUR 1,000 | 2025 | 2024 |
|---|---|---|
Prepaid software subscriptions | 1,967 | 1,688 |
Accrued sales commissions | 1,698 | 2,215 |
Prepaid and accrued royalty | 1,746 | 2,440 |
Merchandise cost | 1,347 | 453 |
Grant receivable | 563 | 192 |
Other prepaid expenses | 515 | 1,612 |
Total | 7,836 | 8,600 |
Comparison year figures have been reclassified to give more accurate view on material items.
", "dimensions": { "concept": "ifrs-full:DisclosureOfPrepaymentsAndOtherAssetsExplanatory", "language": "en", "entity": "scheme:9845006BFDJF0375E466", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "section-blocktag-i6811": { "value": "EUR 1,000 | Number of shares | Share capital | Unrestricted equity reserve |
|---|---|---|---|
31 December 2023 | 174,673,165 | 80 | 9,590 |
31 December 2024 | 174,673,165 | 80 | 9,590 |
Share issue 2025 | 33,905 | \u00a0 | \u00a0 |
31 December 2025 | 174,707,070 | 80 | 9,590 |
The share capital amounting to 80,000 euro was formed in the demerger on 30 June 2022. The number of shares was 174,707,070 (no own shares) at the end of 2025.
The Board of Directors resolved a directed share issue in September 2025 to the plan participants of the Company's Employee share savings plan. The shares issued account for the rewards earned from the period 2022-2025.
A share has no nominal value. Accountable par value is EUR 0.01.
The translation difference is used to record exchange difference arising from the translation of the financial statements of foreign subsidiaries.
Unrestricted equity reserve was formed in connection with demerger on 30 June 2022. Unrestricted equity reserve includes other equity-related investments and that part of the share subscription price which is not recognized in share capital according to a specific decision.
Proposed for approval at AGM for financial year 2025 is that dividend of 0.04 euro per share will be paid.
Dividend for financial year 2024 was 0.04 per share, paid during 2025 (6,986,926.60 euro in total).
Dividend for financial year 2023 was 0.07 per share, paid during 2024 (12,227,121.55 euro in total).
At the end of 2025 company doesn\u2019t hold any treasury shares.
", "dimensions": { "concept": "ifrs-full:DisclosureOfIssuedCapitalExplanatory", "language": "en", "entity": "scheme:9845006BFDJF0375E466", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "section-blocktag-i6812": { "value": "EUR 1,000 | Number of shares | Share capital | Unrestricted equity reserve |
|---|---|---|---|
31 December 2023 | 174,673,165 | 80 | 9,590 |
31 December 2024 | 174,673,165 | 80 | 9,590 |
Share issue 2025 | 33,905 | \u00a0 | \u00a0 |
31 December 2025 | 174,707,070 | 80 | 9,590 |
The share capital amounting to 80,000 euro was formed in the demerger on 30 June 2022. The number of shares was 174,707,070 (no own shares) at the end of 2025.
The Board of Directors resolved a directed share issue in September 2025 to the plan participants of the Company's Employee share savings plan. The shares issued account for the rewards earned from the period 2022-2025.
A share has no nominal value. Accountable par value is EUR 0.01.
The translation difference is used to record exchange difference arising from the translation of the financial statements of foreign subsidiaries.
Unrestricted equity reserve was formed in connection with demerger on 30 June 2022. Unrestricted equity reserve includes other equity-related investments and that part of the share subscription price which is not recognized in share capital according to a specific decision.
Proposed for approval at AGM for financial year 2025 is that dividend of 0.04 euro per share will be paid.
Dividend for financial year 2024 was 0.04 per share, paid during 2025 (6,986,926.60 euro in total).
Dividend for financial year 2023 was 0.07 per share, paid during 2024 (12,227,121.55 euro in total).
At the end of 2025 company doesn\u2019t hold any treasury shares.
", "dimensions": { "concept": "ifrs-full:DisclosureOfReservesAndOtherEquityInterestExplanatory", "language": "en", "entity": "scheme:9845006BFDJF0375E466", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "section-blocktag-i6813": { "value": "EUR 1,000 | Number of shares | Share capital | Unrestricted equity reserve |
|---|---|---|---|
31 December 2023 | 174,673,165 | 80 | 9,590 |
31 December 2024 | 174,673,165 | 80 | 9,590 |
Share issue 2025 | 33,905 | \u00a0 | \u00a0 |
31 December 2025 | 174,707,070 | 80 | 9,590 |
The share capital amounting to 80,000 euro was formed in the demerger on 30 June 2022. The number of shares was 174,707,070 (no own shares) at the end of 2025.
The Board of Directors resolved a directed share issue in September 2025 to the plan participants of the Company's Employee share savings plan. The shares issued account for the rewards earned from the period 2022-2025.
A share has no nominal value. Accountable par value is EUR 0.01.
The translation difference is used to record exchange difference arising from the translation of the financial statements of foreign subsidiaries.
Unrestricted equity reserve was formed in connection with demerger on 30 June 2022. Unrestricted equity reserve includes other equity-related investments and that part of the share subscription price which is not recognized in share capital according to a specific decision.
Proposed for approval at AGM for financial year 2025 is that dividend of 0.04 euro per share will be paid.
Dividend for financial year 2024 was 0.04 per share, paid during 2025 (6,986,926.60 euro in total).
Dividend for financial year 2023 was 0.07 per share, paid during 2024 (12,227,121.55 euro in total).
At the end of 2025 company doesn\u2019t hold any treasury shares.
", "dimensions": { "concept": "ifrs-full:DisclosureOfShareCapitalReservesAndOtherEquityInterestExplanatory", "language": "en", "entity": "scheme:9845006BFDJF0375E466", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "p-blocktag-i6801": { "value": "The share capital amounting to 80,000 euro was formed in the demerger on 30 June 2022. The number of shares was 174,707,070 (no own shares) at the end of 2025.
The Board of Directors resolved a directed share issue in September 2025 to the plan participants of the Company's Employee share savings plan. The shares issued account for the rewards earned from the period 2022-2025.
A share has no nominal value. Accountable par value is EUR 0.01.
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForIssuedCapitalExplanatory", "language": "en", "entity": "scheme:9845006BFDJF0375E466", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "h3-blocktag-i6804": { "value": "Proposed for approval at AGM for financial year 2025 is that dividend of 0.04 euro per share will be paid.
Dividend for financial year 2024 was 0.04 per share, paid during 2025 (6,986,926.60 euro in total).
Dividend for financial year 2023 was 0.07 per share, paid during 2024 (12,227,121.55 euro in total).
", "dimensions": { "concept": "ifrs-full:DisclosureOfDividendsExplanatory", "language": "en", "entity": "scheme:9845006BFDJF0375E466", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "xbrlvalue-dividendsproposedordeclaredbeforefinancialstatementsauthorisedforissuebutnotrecognisedasdistributiontoownerspershare-i6805": { "value": "0.04", "decimals": 2, "dimensions": { "concept": "ifrs-full:DividendsProposedOrDeclaredBeforeFinancialStatementsAuthorisedForIssueButNotRecognisedAsDistributionToOwnersPerShare", "entity": "scheme:9845006BFDJF0375E466", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "unit": "iso4217:EUR/xbrli:shares" } }, "h3-blocktag-i6809": { "value": "At the end of 2025 company doesn\u2019t hold any treasury shares.
", "dimensions": { "concept": "ifrs-full:DisclosureOfTreasurySharesExplanatory", "language": "en", "entity": "scheme:9845006BFDJF0375E466", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "section-blocktag-i6834": { "value": "F-Secure has had several share-based incentive programs during the period. The purpose of the plans is to align the interests of the shareholders and the plan participants in order to increase the value of F-Secure share and retain and motivate key management by offering them a competitive incentive plan.
The effect of the plans and related expenses are presented below. Accounting principles for share-based payments are stated in Note 1.2 Accounting principles, section Share-based payment transactions.
The share-based incentive programs offer the participants a possibility to receive shares of F-Secure Corporation as an incentive reward if the company\u2019s financial targets set for the earning period have been achieved. The share-based compensation is forfeited if the employment relationship is terminated by either party before the end of the lock-up period. The plan structure is following: a Performance Matching Share Plan (PMSP) for the members of Leadership team and selected key employees, a Performance Share Plan (PSP) for the company\u2019s senior management, a Restricted Share Plan for individually selected key employees and an Employee Share Savings Plan for all employees. Members of the Leadership Team and selected key employees can participate in either PSP or PMSP according to their choice, not both plans.\u00a0
F-Secure established a share-based program 2023\u20132025. The program\u2019s duration is three years with the grant date in April 2023. The value of F-Secure share at grant date for the program was EUR 3.39 for the earning period 2023-2025. The current program ends in March 2026 with a possible reward payment, paid during spring 2026. The payment of the reward is conditional on the achievement of the performance targets. The maximum total of shares to be given is 800,000 shares. The potential reward will be paid either in shares, in cash or in a combination of these.
The vesting of the rewards is conditional to the participant remaining in the service of F-Secure. The incentive plan has a performance condition based on F-Secure\u2019s absolute total shareholder return and revenue growth and profitability.
In accordance with the terms of the program, no retentions are expected at the date of this financial statement. The expense arising from the Performance share plan 2023\u20132025 was EUR 92 (351) thousand in 2025.
F-Secure established a share-based program 2024\u20132026. The program\u2019s duration is three years with the grant date in April 2024. The value of F-Secure share at grant date for the program was EUR 1.72 for the earning period 2024-2026. The current program ends in March 2027 with a possible reward payment, paid during spring 2027. The payment of the reward is conditional on the achievement of the performance targets. The maximum total of shares to be given is 1,512,000 shares. The potential reward will be paid either in shares, in cash or in a combination of these.
The vesting of the rewards is conditional to the participant remaining in the service of F-Secure. The incentive plan has a performance condition based on F-Secure\u2019s absolute total shareholder return, earnings per share (EPS) and revenue growth.
In accordance with the terms of the program, no retentions are expected at the date of this financial statement. The expense arising from the Performance share plan 2024\u20132026 was EUR 212 (267) thousand in 2025.
F-Secure established a share-based program 2025\u20132027. The program\u2019s duration is three years with the grant date in March 2025. The value of F-Secure share at grant date for the program was EUR 1.64 for the earning period 2025-2027. The current program ends in March 2028 with a possible reward payment, paid during spring 2028. The payment of the reward is conditional on the achievement of the performance targets. The maximum total of shares to be given is 1,740,000 shares. The potential reward will be paid either in shares, in cash or in a combination of these.
The vesting of the rewards is conditional to the participant remaining in the service of F-Secure. The incentive plan has a performance condition based on F-Secure\u2019s absolute total shareholder return, earnings per share (EPS) and revenue growth.
In accordance with the terms of the program, no retentions are expected at the date of this financial statement. The expense arising from the Performance share plan 2025\u20132027 was EUR 197 thousand in 2025.
F-Secure established a performance matching share plan 2025\u20132028. It is possible to earn matching rewards and performance-based matching rewards. The program\u2019s duration is three years with one year retention period. The grant date was in March 2025. The potential rewards from the PMSP will be paid in two equal instalments, first instalment within spring 2028 after the end of the performance period and second instalment within spring 2029 after the end of the retention period. The payment of the reward is conditional on the achievement of the performance targets. The maximum total of shares to be given is 5,640,000 shares. The potential reward will be paid either in shares, in cash or in a combination of these.
The prerequisite for participation in the PMSP and receiving reward is that a participant personally invests in F-Secure\u2019s shares. The final number of shares will depend on the participants\u2019 personal investments in F-Secure\u2019s share and the achievement of the targets set for the performance criteria. The personal investments vary between 10%-40% of annual base pay. The matching reward is determined based on the fulfilment of the share ownership obligation and valid employment or director agreement. The performance-based matching reward is in addition determined based on the achievement of targets set for the performance criterion. The incentive plan has a performance condition based on F-Secure's share price. The program rewards for considerable increase in F-Secure\u2019s share price development.\u00a0
In accordance with the terms of the program, no retentions are expected at the date of this financial statement. The expense arising from the Performance matching share plan 2025\u20132028 was EUR 321 thousand in 2025.
F-Secure established a restricted share plan in March 2023. The program\u2019s duration is three years and potential reward will be paid during spring 2026. Company can grant fixed share rewards during retention period. The restricted share plan complements the incentive programs for separately selected key persons in special situations. The values of the F-Secure share at grant date for this program was EUR 2.98 and EUR 2.05 and the maximum total of shares to be given is 80,000 shares. The potential reward will be paid either in shares, in cash or in a combination of these.
The vesting of the rewards for all periods is conditional on the participant remaining in the service of F-Secure. The Board approved the metrics, targets and participants on an annual basis for each earning period. In accordance with the terms of the program, no retentions are expected at the date of this financial statement. The reversal of expense arising from the restricted share plan was EUR 11 thousand in 2025 (expense EUR 18 thousand in 2024).
The participating employee of a share-based incentive program shall be entitled to the shareholder rights of the reward shares (e.g., dividend) from the moment the shares have been entered into the participating employee\u2019s book-entry account.
The costs of equity-settled transactions are measured by reference to the fair value of shares at the date on which they are granted. Fair value for performance based programs is based on the share price on the grant date. Fair value for market based programs is based on externally accepted valuation methods. The costs of cashsettled transactions are measured by reference to the market price of the share on the balance sheet date. F-Secure updates the estimate of the number of equity instruments that will ultimately vest at each reporting date.
F-Secure established a restricted share plan in March 2024. The program\u2019s duration is three years and potential reward will be paid during spring 2027. Company can grant fixed share rewards during retention period. The restricted share plan complements the incentive programs for separately selected key persons in special situations. The values of the F-Secure share at grant date for this program was EUR 1.65, EUR 2.01 and 1.87 and the maximum total of shares to be given is 300,000 shares. The potential reward will be paid either in shares, in cash or in a combination of these.
The vesting of the rewards for all periods is conditional on the participant remaining in the service of F-Secure. The Board approved the metrics, targets and participants on an annual basis for each earning period. In accordance with the terms of the program, no retentions are expected at the date of this financial statement. The expense arising from the restricted share plan was EUR 113 (65) thousand in 2025.
The participating employee of a share-based incentive program shall be entitled to the shareholder rights of the reward shares (e.g., dividend) from the moment the shares have been entered into the participating employee\u2019s book-entry account.
The costs of equity-settled transactions are measured by reference to the fair value of shares at the date on which they are granted. Fair value for performance based programs is based on the share price on the grant date. Fair value for market based programs is based on externally accepted valuation methods. The costs of cashsettled transactions are measured by reference to the market price of the share on the balance sheet date. F-Secure updates the estimate of the number of equity instruments that will ultimately vest at each reporting date.
F-Secure established a restricted share plan in March 2025. The program\u2019s duration is three years and potential reward will be paid during spring 2028. Company can grant fixed share rewards during retention period. The restricted share plan complements the incentive programs for separately selected key persons in special situations. The values of the F-Secure share at grant date for this program was EUR 1.81 and 1.60 and the maximum total of shares to be given is 500,000 shares. The potential reward will be paid either in shares, in cash or in a combination of these.
The vesting of the rewards for all periods is conditional on the participant remaining in the service of F-Secure. The Board approved the metrics, targets and participants on an annual basis for each earning period. In accordance with the terms of the program, no retentions are expected at the date of this financial statement. The expense arising from the restricted share plan was EUR 87 thousand in 2025.
The participating employee of a share-based incentive program shall be entitled to the shareholder rights of the reward shares (e.g., dividend) from the moment the shares have been entered into the participating employee\u2019s book-entry account.
The costs of equity-settled transactions are measured by reference to the fair value of shares at the date on which they are granted. Fair value for performance based programs is based on the share price on the grant date. Fair value for market based programs is based on externally accepted valuation methods. The costs of cashsettled transactions are measured by reference to the market price of the share on the balance sheet date. F-Secure updates the estimate of the number of equity instruments that will ultimately vest at each reporting date.
During 2022, F-Secure launched a employee share savings plan which was available for all employees. The plan consists of annually commencing plan periods, each one comprising of a 12-month savings period and a holding period following the savings period. The first plan period commenced on 1 October 2022 and ended on 30 September 2025. The second plan period commenced on 1 October 2023 and ends on 30 September 2026. Third plan period commenced on 1 October 2024 and ends on 30 September 2027. The fourth plan period commenced on 1 October 2025 and ends on 30 September 2028. Every employee was eligible to save a proportion of their salaries and invest those savings in F-Secure shares. The savings will be used for acquiring F-Secure shares quarterly after the publication of the respective interim reports. F-Secure grants the participating employees a gross reward of one matching share for every two shares acquired with their savings. For the first plan period the maximum number of of matching shares is approximately 200 000 shares, for the second plan period 250 000 shares, for the third plan period 392,023 shares and for the fourth plan period 449,600 shares.
The vesting of the rewards is conditional on the participant remaining in the service of F-Secure and on an initial investment. The Board approves the metrics, targets, and participants on an annual basis for each earning period. The expense arising from the employee shares savings plan was EUR 130 (85) thousand in 2025.
EUR 1,000 | 2025 | 2024 |
|---|---|---|
Booked as expense during the period | 1,140 | 1,045 |
Booked in retained earnings during the period | 1,083 | 1,045 |
Balance sheet liability at the end of the period | 67 | 84 |
F-Secure\u2019s financial liabilities consist of interest-bearing liabilities and trade payables. Interest-bearing liabilities include bank loans, and lease liabilities from building, office equipment and cars (see Note 1.2 Accounting principles, section Leases and Note 5. Leases).
EUR 1,000 | 2025 | 2024 |
|---|---|---|
Bank loans | 151,336 | 168,933 |
Lease liabilities | 5,065 | 1,210 |
Other interest-bearing liabilities | \u00a0 | 5,334 |
Total | 156,401 | 175,477 |
The Lookout consumer business unit acquisition in 2023 was financed with debt for which facilities agreement was entered into with Danske Bank A/S and OP Corporate Bank plc. The financing package consisted of two facilities, (i) a EUR 202\u00a0million amortizing term loan to finance the acquisition, and (ii) an EUR 20 million revolving loan facility to be used for general corporate purposes of the group. Both facilities held a maturity of 5 years since F-Secure has exercised the extension options. Facilities mature in 2028. The interest rate for credit facilities is variable. During the accounting period, the term loan was repaid by EUR 45.0 million (EUR 30.0 million). The revolving credit facility is undrawn at the reporting date.
During the second quarter of 2025, F-Secure signed and withdrew EUR\u00a035\u00a0million loan from Nordic Investment Bank (NIB). The loan has seven-year maturity, and the first two years of the loan are repayment-free.
All Group\u2019s loan agreements include a financial covenant, measured on a quarterly basis. The covenant relates to the ratio between net debt and EBITDA, as defined under the terms of the loan agreement. The group has met covenant terms and conditions on the reporting date. Carrying amount for bank loans at the end of reporting period is EUR 151.4 million (EUR 168.9 million).
Prior to completion of the demerger, WithSecure\u2019s consumer business conducted by its foreign subsidiaries was separated from the rest of the business into separate companies through business acquisitions or similar transactions in each relevant country. These balances were due for payment in the second quarter of 2025. F-Secure\u2019s payables totaled EUR 5.3 million and the receivables totaled EUR 3.7\u00a0million. There are no more outstanding balances between WithSecure and F-Secure.
F-Secure has no outstanding derivative contracts on 31 December 2025.
EUR 1,000 | 2025 | 2024 |
|---|---|---|
Amount due for settlement within 12 months | 31,710 | 44,046 |
Amount due for settlement after 12 months | 124,691 | 131,431 |
Total | 156,401 | 175,477 |
Bank loan carry variable interest rates. The weighted average interest rates paid during the year were as follows:
| \u00a0 | 2025 | 2024 |
|---|---|---|
Bank loans | 3.8 % | 5.8 % |
Contractual maturities of financial liabilities | Less than 1 year | 1 to 2 years | 2 to 3 years | 3 to 4 years | 4 to 5 years | over 5 years | Total contractual cash flows | Carrying amount |
|---|---|---|---|---|---|---|---|---|
2025 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 |
Bank loans | 30,000 | 36,364 | 63,364 | 6,364 | 6,364 | 9,545 | 152,000 | 151,336 |
Interest payment for bank loan | 5,469 | 4,282 | 1,762 | 821 | 568 | 378 | \u00a0 | \u00a0 |
Lease liabilities | 1,791 | 1,568 | 1,291 | 752 | 66 | 39 | 5,507 | 5,065 |
Trade payables | 2,530 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | 2,530 | 2,530 |
Total | 39,791 | 42,214 | 66,416 | 7,937 | 6,998 | 9,962 | 160,037 | 158,931 |
Contractual maturities of financial liabilities | Less than 1 year | 1 to 2 years | 2 to 3 years | 3 to 4 years | 4 to 5 years | over 5 years | Total contractual cash flows | Carrying amount |
|---|---|---|---|---|---|---|---|---|
2024 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 |
Bank loans | 38,000 | 30,000 | 102,000 | \u00a0 | \u00a0 | \u00a0 | 170,000 | 168,933 |
Interest payment for bank loan | 7,059 | 5,507 | 1,435 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 |
Lease liabilities | 756 | 328 | 111 | 37 | 14 | \u00a0 | 1,247 | 1,210 |
Other interest-bearing liabilities | 5,334 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | 5,334 | 5,334 |
Trade payables | 1,545 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | 1,545 | 1,545 |
Total | 52,694 | 35,835 | 103,545 | 37 | 14 | 0 | 178,125 | 177,022 |
F-Secure\u2019s financial liabilities consist of interest-bearing liabilities and trade payables. Interest-bearing liabilities include bank loans, and lease liabilities from building, office equipment and cars (see Note 1.2 Accounting principles, section Leases and Note 5. Leases).
EUR 1,000 | 2025 | 2024 |
|---|---|---|
Bank loans | 151,336 | 168,933 |
Lease liabilities | 5,065 | 1,210 |
Other interest-bearing liabilities | \u00a0 | 5,334 |
Total | 156,401 | 175,477 |
The Lookout consumer business unit acquisition in 2023 was financed with debt for which facilities agreement was entered into with Danske Bank A/S and OP Corporate Bank plc. The financing package consisted of two facilities, (i) a EUR 202\u00a0million amortizing term loan to finance the acquisition, and (ii) an EUR 20 million revolving loan facility to be used for general corporate purposes of the group. Both facilities held a maturity of 5 years since F-Secure has exercised the extension options. Facilities mature in 2028. The interest rate for credit facilities is variable. During the accounting period, the term loan was repaid by EUR 45.0 million (EUR 30.0 million). The revolving credit facility is undrawn at the reporting date.
During the second quarter of 2025, F-Secure signed and withdrew EUR\u00a035\u00a0million loan from Nordic Investment Bank (NIB). The loan has seven-year maturity, and the first two years of the loan are repayment-free.
All Group\u2019s loan agreements include a financial covenant, measured on a quarterly basis. The covenant relates to the ratio between net debt and EBITDA, as defined under the terms of the loan agreement. The group has met covenant terms and conditions on the reporting date. Carrying amount for bank loans at the end of reporting period is EUR 151.4 million (EUR 168.9 million).
Prior to completion of the demerger, WithSecure\u2019s consumer business conducted by its foreign subsidiaries was separated from the rest of the business into separate companies through business acquisitions or similar transactions in each relevant country. These balances were due for payment in the second quarter of 2025. F-Secure\u2019s payables totaled EUR 5.3 million and the receivables totaled EUR 3.7\u00a0million. There are no more outstanding balances between WithSecure and F-Secure.
F-Secure has no outstanding derivative contracts on 31 December 2025.
EUR 1,000 | 2025 | 2024 |
|---|---|---|
Amount due for settlement within 12 months | 31,710 | 44,046 |
Amount due for settlement after 12 months | 124,691 | 131,431 |
Total | 156,401 | 175,477 |
Bank loan carry variable interest rates. The weighted average interest rates paid during the year were as follows:
| \u00a0 | 2025 | 2024 |
|---|---|---|
Bank loans | 3.8 % | 5.8 % |
Contractual maturities of financial liabilities | Less than 1 year | 1 to 2 years | 2 to 3 years | 3 to 4 years | 4 to 5 years | over 5 years | Total contractual cash flows | Carrying amount |
|---|---|---|---|---|---|---|---|---|
2025 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 |
Bank loans | 30,000 | 36,364 | 63,364 | 6,364 | 6,364 | 9,545 | 152,000 | 151,336 |
Interest payment for bank loan | 5,469 | 4,282 | 1,762 | 821 | 568 | 378 | \u00a0 | \u00a0 |
Lease liabilities | 1,791 | 1,568 | 1,291 | 752 | 66 | 39 | 5,507 | 5,065 |
Trade payables | 2,530 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | 2,530 | 2,530 |
Total | 39,791 | 42,214 | 66,416 | 7,937 | 6,998 | 9,962 | 160,037 | 158,931 |
Contractual maturities of financial liabilities | Less than 1 year | 1 to 2 years | 2 to 3 years | 3 to 4 years | 4 to 5 years | over 5 years | Total contractual cash flows | Carrying amount |
|---|---|---|---|---|---|---|---|---|
2024 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 |
Bank loans | 38,000 | 30,000 | 102,000 | \u00a0 | \u00a0 | \u00a0 | 170,000 | 168,933 |
Interest payment for bank loan | 7,059 | 5,507 | 1,435 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 |
Lease liabilities | 756 | 328 | 111 | 37 | 14 | \u00a0 | 1,247 | 1,210 |
Other interest-bearing liabilities | 5,334 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | 5,334 | 5,334 |
Trade payables | 1,545 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | 1,545 | 1,545 |
Total | 52,694 | 35,835 | 103,545 | 37 | 14 | 0 | 178,125 | 177,022 |
F-Secure has no outstanding derivative contracts on 31 December 2025.
", "dimensions": { "concept": "ifrs-full:DisclosureOfDerivativeFinancialInstrumentsExplanatory", "language": "en", "entity": "scheme:9845006BFDJF0375E466", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "section-blocktag-i7400": { "value": "Fair value hierarchy levels 1 to 3 are based on the degree to which the fair value is observable:
Level 1: Fair values of financial instruments are based on quoted prices in active markets for identical assets and liabilities.
Level 2: Financial instruments are not subject to trading in active and liquid markets. The fair values of financial instruments can be determined based on quoted market prices and deduced valuation.
Level 3: Measurement of financial instruments is not based on verifiable market information, and information on other circumstances affecting the value of the instruments is not available or verifiable.
The carrying amount of the Group\u2019s interest-bearing financial assets and liabilities does not significantly differ from their fair value. The carrying amount of the Group\u2019s bank loans as of the December 31, 2025, is EUR 151.3 million, and the fair value is EUR 151.8 million.
| \u00a0 | \u00a0 | \u00a0 | Carrying value | \u00a0 | |
|---|---|---|---|---|---|
2025 | \u00a0 | \u00a0 | Financial assets | Financial liabilities | \u00a0 |
EUR 1,000 | Note | Fair value hierarchy | Amortized cost | Amortized cost | TOTAL |
Cash and bank | \u00a0 | 10,771 | \u00a0 | 10,771 | |
Trade receivables | \u00a0 | 25,594 | \u00a0 | 25,594 | |
Trade payables | 20 | \u00a0 | \u00a0 | 2,530 | 2,530 |
Lease liabilities | 20 | \u00a0 | \u00a0 | 5,065 | 5,065 |
Bank loans | 20 | Level 2 | \u00a0 | 151,336 | 151,336 |
| \u00a0 | \u00a0 | \u00a0 | Carrying value | \u00a0 | |
|---|---|---|---|---|---|
2024 | \u00a0 | \u00a0 | Financial assets | Financial liabilities | \u00a0 |
EUR 1,000 | Note | Fair value hierarchy | Amortized cost | Amortized cost | TOTAL |
Cash and bank | \u00a0 | 8,095 | \u00a0 | 8,095 | |
Interest-bearing receivables | Level 2 | 3,980 | \u00a0 | 3,980 | |
Trade receivables | \u00a0 | 27,604 | \u00a0 | 27,604 | |
Trade payables | 20 | \u00a0 | \u00a0 | 1,545 | 1,545 |
Lease liabilities | 20 | \u00a0 | \u00a0 | 1,210 | 1,210 |
Bank loans | 20 | Level 2 | \u00a0 | 168,933 | 168,933 |
Other interest-bearing liabilities | 20 | Level 2 | \u00a0 | 5,334 | 5,334 |
The responsibility for F-Secure's risk management lies with the CEO, management and ultimately with the Board of Directors. The goal of risk management is to identify risks that may hinder the company from achieving its business objectives. F-Secure is exposed to various financial risks in its business operations. Main financial risks are credit risk, liquidity risk, foreign currency exchange risk and interest rate risk. The Board of Directors of F-Secure approves the general principles of risk management, and the Group\u2019s treasury function is responsible for managing market risks.
F-Secure manages credit risk on group level with Credit risk policy. Credit risk derives from trade receivables. The maximum exposure to credit risk at the reporting date is the carrying value of trade receivables. Trade receivables do not include any major concentrations of credit risk by customer. Group trades only with recognized, creditworthy third parties and monitors customers' creditworthiness. Trade receivables are monitored and collected on an ongoing basis. The top three customers account for 10.4%, 6.4% and 5.8% in 2025 (16.0%, 6.6% and 5.5% in 2024) of trade receivables. See Note 16. Financial assets.
Liquidity risk arises if the Group's existing liquidity reserves, net cash flows and available additional financing are not sufficient to cover commitments falling due within next 12 months. Group manages its liquidity risk by centralizing the management of cash reserves, maintaining sufficient cash balances, and utilizing committed credit facilities. F-Secure has a revolving credit facility (RCF) of EUR 20 million that matures in 2028. The revolving credit facility is undrawn at the reporting date. Group Treasury is responsible for monitoring cash balances and cash forecasts to keep liquidity risk at manageable level. We expect the stable and positive cash flow from operations, existing cash balances, and revolving credit facilities to be sufficient to fund our operations and obligations for the next 12 months. Contractual maturities of financial liabilities are presented in Note 20 Financial liabilities.
All Group\u2019s loan agreements include a financial covenant, measured on quarterly basis. The covenant relates to the ratio between net debt and EBITDA, as defined under the terms of the loan agreement. The group closely monitors the covenant situation and will take action if necessary. Group has met covenant terms and conditions during the reporting period. Carrying amount for bank loan at the end of reporting period is EUR 151.3 million (EUR 168.9 million).
The Group operates globally and is exposed to a currency risk arising from exchange rate fluctuations against its reporting currency euro. Transaction risk is related to foreign currency transactions in sales and expenses. Translation risk arises from the Group's net investments outside euro zone.
Transaction risk arises from future commercial transactions and recognized assets and liabilities denominated in a currency that is not the functional currency of the relevant group entity. The majority of sales is invoiced in Euro. The other main currencies for invoicing are US dollar (USD), the Swedish krona (SEK), the pound sterling (GBP) and the Japanese yen (JPY). The currency risk arising from sales invoicing is reduced by operational expenses arising in the same currencies as the sales invoicing. The transaction risk is managed centrally such that the F-Secure operations mainly have transactions in their legal entities\u2019 functional currency and intercompany transactions are carried out in the group entities functional currencies. The main foreign currency risk arises from USD denominated sales invoicing, purchases and intercompany transactions at the F-Secure parent entity level, creating volatility in the financial income and expenses.
Exchange gains were EUR 0.9 million (EUR 0.9 million) and exchange losses EUR -1.2 million (EUR -1.1 million).
| \u00a0 | 2025 | 2024 |
|---|---|---|
Sales in different currencies | % | % |
EUR | 60 | 59 |
USD | 27 | 30 |
JPY | 5 | 5 |
SEK | 5 | 4 |
GBP | 1 | 2 |
Other currencies | 1 | 1 |
Total | 100 | 100 |
The carrying Euro (thousand) amounts of the Group\u2019s financial assets and liabilities at the reporting date are as follows:
Financial assets (EUR 1,000) | 2025 | % | 2024 | % |
|---|---|---|---|---|
EUR | 20,338 | 56 | 19,255 | 49 |
USD | 10,147 | 28 | 12,090 | 30 |
SEK | 2,204 | 6 | 1,544 | 4 |
GBP | 1,289 | 4 | 2,958 | 7 |
JPY | 1,204 | 3 | 2,023 | 5 |
Other currencies | 1,181 | 9 | 1,809 | 5 |
Total | 36,365 | 100 | 39,678 | 100 |
Financial liabilities (EUR 1,000) | 2025 | % | 2024 | % |
|---|---|---|---|---|
EUR | 158,106 | 99 | 173,526 | 98 |
USD | 702 | 0 | 327 | 0 |
MYR | 43 | 0 | 1,356 | 1 |
JPY | 4 | 0 | 1,306 | 1 |
Other currencies | 76 | 0 | 506 | 0 |
Total | 158,931 | 100 | 177,022 | 100 |
Financial liabilities in the above table also include lease liabilities.
The table below demonstrates how sensitive F-Secure\u2019s profit before taxes is to foreign exchange rate fluctuations when all other variables are held constant. The open exposure against USD arising from F-Secure trade receivables and trade payables have an impact on F-Secure\u2019s profit before taxes. The sensitivity calculation is based on a change of 10% in the Euro exchange rate against the functional currencies F-Secure operates in. There were no other material exposures.
EUR million | 2025 | 2024 |
|---|---|---|
USD | -0.6/+0.7 | -1.0/+1.2 |
Translation risk arises from the F-Secure\u2019s net investments in foreign currencies. Translation differences arise from translating balances into euro using exchange rates prevailing on the reporting date. Most significant translation risks arise from goodwill EUR 21.0 million (EUR 23.8 million) and intangible assets EUR 23.9 million (EUR 29.2 million) generated in acquisition of mobile consumer security business unit from Lookout Inc. Main currency is USD. According to current policy, F-Secure does not hedge investments made in its subsidiaries.
Change in foreign exchange translation differences amounted EUR -7.5 million in 2025 (EUR 4.0 million).
The table below demonstrates how sensitive the Group's equity is to foreign exchange rate fluctuations when all other variables are held constant. The sensitivity calculation is based on a change of 10% in the Euro exchange rate against the functional currencies exposing the Group to translation risk. There were no other material exposures.
EUR million | 2025 | 2024 |
|---|---|---|
USD | -6.6/+5.4 | -7.0/+5.7 |
F-Secure is exposed to interest rate arising from interest-bearing liabilities which relate to bank loans. The interest rate of bank loans (Facility A EUR 117 million, NIB EUR 35 million) is tied to variable reference interest rate. F-Secure is regularly evaluating the need for hedging interest rate risk. In the financial year 2025, the company did not hedge against interest rate risk. Apart from bank loans there were no other material exposures. The table below demonstrates the sensitivity of Group's profit before taxes to 1% change in interest rate when all other variables are held constant.
EUR million | 2025 | 2024 |
|---|---|---|
Interest-bearing liabilities, bank loans | -1.7/+1.7 | -1.9/+1.9 |
F-Secure\u2019s shareholders\u2019 equity is managed as capital. The objective of F-Secure\u2019s capital management is to maintain an efficient capital structure that ensures the functioning of business operations and promotes shareholder value. F-Secure\u2019s capital structure is reviewed regularly as a part of financial performance monitoring. The capital structure can be adjusted among other things by distribution of dividends, share repurchase or capital repayment. The dividend policy of F-Secure Corporation is to aim to pay around or above 50 per cent of its net profit as dividend on an annual basis. This can be adjusted as long as leverage is higher than the targeted level (below 2.5x). Subject to circumstances, the F-Secure can deviate from this policy.
", "dimensions": { "concept": "ifrs-full:DisclosureOfFairValueMeasurementExplanatory", "language": "en", "entity": "scheme:9845006BFDJF0375E466", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "section-blocktag-i7401": { "value": "Fair value hierarchy levels 1 to 3 are based on the degree to which the fair value is observable:
Level 1: Fair values of financial instruments are based on quoted prices in active markets for identical assets and liabilities.
Level 2: Financial instruments are not subject to trading in active and liquid markets. The fair values of financial instruments can be determined based on quoted market prices and deduced valuation.
Level 3: Measurement of financial instruments is not based on verifiable market information, and information on other circumstances affecting the value of the instruments is not available or verifiable.
The carrying amount of the Group\u2019s interest-bearing financial assets and liabilities does not significantly differ from their fair value. The carrying amount of the Group\u2019s bank loans as of the December 31, 2025, is EUR 151.3 million, and the fair value is EUR 151.8 million.
| \u00a0 | \u00a0 | \u00a0 | Carrying value | \u00a0 | |
|---|---|---|---|---|---|
2025 | \u00a0 | \u00a0 | Financial assets | Financial liabilities | \u00a0 |
EUR 1,000 | Note | Fair value hierarchy | Amortized cost | Amortized cost | TOTAL |
Cash and bank | \u00a0 | 10,771 | \u00a0 | 10,771 | |
Trade receivables | \u00a0 | 25,594 | \u00a0 | 25,594 | |
Trade payables | 20 | \u00a0 | \u00a0 | 2,530 | 2,530 |
Lease liabilities | 20 | \u00a0 | \u00a0 | 5,065 | 5,065 |
Bank loans | 20 | Level 2 | \u00a0 | 151,336 | 151,336 |
| \u00a0 | \u00a0 | \u00a0 | Carrying value | \u00a0 | |
|---|---|---|---|---|---|
2024 | \u00a0 | \u00a0 | Financial assets | Financial liabilities | \u00a0 |
EUR 1,000 | Note | Fair value hierarchy | Amortized cost | Amortized cost | TOTAL |
Cash and bank | \u00a0 | 8,095 | \u00a0 | 8,095 | |
Interest-bearing receivables | Level 2 | 3,980 | \u00a0 | 3,980 | |
Trade receivables | \u00a0 | 27,604 | \u00a0 | 27,604 | |
Trade payables | 20 | \u00a0 | \u00a0 | 1,545 | 1,545 |
Lease liabilities | 20 | \u00a0 | \u00a0 | 1,210 | 1,210 |
Bank loans | 20 | Level 2 | \u00a0 | 168,933 | 168,933 |
Other interest-bearing liabilities | 20 | Level 2 | \u00a0 | 5,334 | 5,334 |
The responsibility for F-Secure's risk management lies with the CEO, management and ultimately with the Board of Directors. The goal of risk management is to identify risks that may hinder the company from achieving its business objectives. F-Secure is exposed to various financial risks in its business operations. Main financial risks are credit risk, liquidity risk, foreign currency exchange risk and interest rate risk. The Board of Directors of F-Secure approves the general principles of risk management, and the Group\u2019s treasury function is responsible for managing market risks.
F-Secure manages credit risk on group level with Credit risk policy. Credit risk derives from trade receivables. The maximum exposure to credit risk at the reporting date is the carrying value of trade receivables. Trade receivables do not include any major concentrations of credit risk by customer. Group trades only with recognized, creditworthy third parties and monitors customers' creditworthiness. Trade receivables are monitored and collected on an ongoing basis. The top three customers account for 10.4%, 6.4% and 5.8% in 2025 (16.0%, 6.6% and 5.5% in 2024) of trade receivables. See Note 16. Financial assets.
Liquidity risk arises if the Group's existing liquidity reserves, net cash flows and available additional financing are not sufficient to cover commitments falling due within next 12 months. Group manages its liquidity risk by centralizing the management of cash reserves, maintaining sufficient cash balances, and utilizing committed credit facilities. F-Secure has a revolving credit facility (RCF) of EUR 20 million that matures in 2028. The revolving credit facility is undrawn at the reporting date. Group Treasury is responsible for monitoring cash balances and cash forecasts to keep liquidity risk at manageable level. We expect the stable and positive cash flow from operations, existing cash balances, and revolving credit facilities to be sufficient to fund our operations and obligations for the next 12 months. Contractual maturities of financial liabilities are presented in Note 20 Financial liabilities.
All Group\u2019s loan agreements include a financial covenant, measured on quarterly basis. The covenant relates to the ratio between net debt and EBITDA, as defined under the terms of the loan agreement. The group closely monitors the covenant situation and will take action if necessary. Group has met covenant terms and conditions during the reporting period. Carrying amount for bank loan at the end of reporting period is EUR 151.3 million (EUR 168.9 million).
The Group operates globally and is exposed to a currency risk arising from exchange rate fluctuations against its reporting currency euro. Transaction risk is related to foreign currency transactions in sales and expenses. Translation risk arises from the Group's net investments outside euro zone.
Transaction risk arises from future commercial transactions and recognized assets and liabilities denominated in a currency that is not the functional currency of the relevant group entity. The majority of sales is invoiced in Euro. The other main currencies for invoicing are US dollar (USD), the Swedish krona (SEK), the pound sterling (GBP) and the Japanese yen (JPY). The currency risk arising from sales invoicing is reduced by operational expenses arising in the same currencies as the sales invoicing. The transaction risk is managed centrally such that the F-Secure operations mainly have transactions in their legal entities\u2019 functional currency and intercompany transactions are carried out in the group entities functional currencies. The main foreign currency risk arises from USD denominated sales invoicing, purchases and intercompany transactions at the F-Secure parent entity level, creating volatility in the financial income and expenses.
Exchange gains were EUR 0.9 million (EUR 0.9 million) and exchange losses EUR -1.2 million (EUR -1.1 million).
| \u00a0 | 2025 | 2024 |
|---|---|---|
Sales in different currencies | % | % |
EUR | 60 | 59 |
USD | 27 | 30 |
JPY | 5 | 5 |
SEK | 5 | 4 |
GBP | 1 | 2 |
Other currencies | 1 | 1 |
Total | 100 | 100 |
The carrying Euro (thousand) amounts of the Group\u2019s financial assets and liabilities at the reporting date are as follows:
Financial assets (EUR 1,000) | 2025 | % | 2024 | % |
|---|---|---|---|---|
EUR | 20,338 | 56 | 19,255 | 49 |
USD | 10,147 | 28 | 12,090 | 30 |
SEK | 2,204 | 6 | 1,544 | 4 |
GBP | 1,289 | 4 | 2,958 | 7 |
JPY | 1,204 | 3 | 2,023 | 5 |
Other currencies | 1,181 | 9 | 1,809 | 5 |
Total | 36,365 | 100 | 39,678 | 100 |
Financial liabilities (EUR 1,000) | 2025 | % | 2024 | % |
|---|---|---|---|---|
EUR | 158,106 | 99 | 173,526 | 98 |
USD | 702 | 0 | 327 | 0 |
MYR | 43 | 0 | 1,356 | 1 |
JPY | 4 | 0 | 1,306 | 1 |
Other currencies | 76 | 0 | 506 | 0 |
Total | 158,931 | 100 | 177,022 | 100 |
Financial liabilities in the above table also include lease liabilities.
The table below demonstrates how sensitive F-Secure\u2019s profit before taxes is to foreign exchange rate fluctuations when all other variables are held constant. The open exposure against USD arising from F-Secure trade receivables and trade payables have an impact on F-Secure\u2019s profit before taxes. The sensitivity calculation is based on a change of 10% in the Euro exchange rate against the functional currencies F-Secure operates in. There were no other material exposures.
EUR million | 2025 | 2024 |
|---|---|---|
USD | -0.6/+0.7 | -1.0/+1.2 |
Translation risk arises from the F-Secure\u2019s net investments in foreign currencies. Translation differences arise from translating balances into euro using exchange rates prevailing on the reporting date. Most significant translation risks arise from goodwill EUR 21.0 million (EUR 23.8 million) and intangible assets EUR 23.9 million (EUR 29.2 million) generated in acquisition of mobile consumer security business unit from Lookout Inc. Main currency is USD. According to current policy, F-Secure does not hedge investments made in its subsidiaries.
Change in foreign exchange translation differences amounted EUR -7.5 million in 2025 (EUR 4.0 million).
The table below demonstrates how sensitive the Group's equity is to foreign exchange rate fluctuations when all other variables are held constant. The sensitivity calculation is based on a change of 10% in the Euro exchange rate against the functional currencies exposing the Group to translation risk. There were no other material exposures.
EUR million | 2025 | 2024 |
|---|---|---|
USD | -6.6/+5.4 | -7.0/+5.7 |
F-Secure is exposed to interest rate arising from interest-bearing liabilities which relate to bank loans. The interest rate of bank loans (Facility A EUR 117 million, NIB EUR 35 million) is tied to variable reference interest rate. F-Secure is regularly evaluating the need for hedging interest rate risk. In the financial year 2025, the company did not hedge against interest rate risk. Apart from bank loans there were no other material exposures. The table below demonstrates the sensitivity of Group's profit before taxes to 1% change in interest rate when all other variables are held constant.
EUR million | 2025 | 2024 |
|---|---|---|
Interest-bearing liabilities, bank loans | -1.7/+1.7 | -1.9/+1.9 |
F-Secure\u2019s shareholders\u2019 equity is managed as capital. The objective of F-Secure\u2019s capital management is to maintain an efficient capital structure that ensures the functioning of business operations and promotes shareholder value. F-Secure\u2019s capital structure is reviewed regularly as a part of financial performance monitoring. The capital structure can be adjusted among other things by distribution of dividends, share repurchase or capital repayment. The dividend policy of F-Secure Corporation is to aim to pay around or above 50 per cent of its net profit as dividend on an annual basis. This can be adjusted as long as leverage is higher than the targeted level (below 2.5x). Subject to circumstances, the F-Secure can deviate from this policy.
", "dimensions": { "concept": "ifrs-full:DisclosureOfFairValueOfFinancialInstrumentsExplanatory", "language": "en", "entity": "scheme:9845006BFDJF0375E466", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "section-blocktag-i7402": { "value": "Fair value hierarchy levels 1 to 3 are based on the degree to which the fair value is observable:
Level 1: Fair values of financial instruments are based on quoted prices in active markets for identical assets and liabilities.
Level 2: Financial instruments are not subject to trading in active and liquid markets. The fair values of financial instruments can be determined based on quoted market prices and deduced valuation.
Level 3: Measurement of financial instruments is not based on verifiable market information, and information on other circumstances affecting the value of the instruments is not available or verifiable.
The carrying amount of the Group\u2019s interest-bearing financial assets and liabilities does not significantly differ from their fair value. The carrying amount of the Group\u2019s bank loans as of the December 31, 2025, is EUR 151.3 million, and the fair value is EUR 151.8 million.
| \u00a0 | \u00a0 | \u00a0 | Carrying value | \u00a0 | |
|---|---|---|---|---|---|
2025 | \u00a0 | \u00a0 | Financial assets | Financial liabilities | \u00a0 |
EUR 1,000 | Note | Fair value hierarchy | Amortized cost | Amortized cost | TOTAL |
Cash and bank | \u00a0 | 10,771 | \u00a0 | 10,771 | |
Trade receivables | \u00a0 | 25,594 | \u00a0 | 25,594 | |
Trade payables | 20 | \u00a0 | \u00a0 | 2,530 | 2,530 |
Lease liabilities | 20 | \u00a0 | \u00a0 | 5,065 | 5,065 |
Bank loans | 20 | Level 2 | \u00a0 | 151,336 | 151,336 |
| \u00a0 | \u00a0 | \u00a0 | Carrying value | \u00a0 | |
|---|---|---|---|---|---|
2024 | \u00a0 | \u00a0 | Financial assets | Financial liabilities | \u00a0 |
EUR 1,000 | Note | Fair value hierarchy | Amortized cost | Amortized cost | TOTAL |
Cash and bank | \u00a0 | 8,095 | \u00a0 | 8,095 | |
Interest-bearing receivables | Level 2 | 3,980 | \u00a0 | 3,980 | |
Trade receivables | \u00a0 | 27,604 | \u00a0 | 27,604 | |
Trade payables | 20 | \u00a0 | \u00a0 | 1,545 | 1,545 |
Lease liabilities | 20 | \u00a0 | \u00a0 | 1,210 | 1,210 |
Bank loans | 20 | Level 2 | \u00a0 | 168,933 | 168,933 |
Other interest-bearing liabilities | 20 | Level 2 | \u00a0 | 5,334 | 5,334 |
The responsibility for F-Secure's risk management lies with the CEO, management and ultimately with the Board of Directors. The goal of risk management is to identify risks that may hinder the company from achieving its business objectives. F-Secure is exposed to various financial risks in its business operations. Main financial risks are credit risk, liquidity risk, foreign currency exchange risk and interest rate risk. The Board of Directors of F-Secure approves the general principles of risk management, and the Group\u2019s treasury function is responsible for managing market risks.
F-Secure manages credit risk on group level with Credit risk policy. Credit risk derives from trade receivables. The maximum exposure to credit risk at the reporting date is the carrying value of trade receivables. Trade receivables do not include any major concentrations of credit risk by customer. Group trades only with recognized, creditworthy third parties and monitors customers' creditworthiness. Trade receivables are monitored and collected on an ongoing basis. The top three customers account for 10.4%, 6.4% and 5.8% in 2025 (16.0%, 6.6% and 5.5% in 2024) of trade receivables. See Note 16. Financial assets.
Liquidity risk arises if the Group's existing liquidity reserves, net cash flows and available additional financing are not sufficient to cover commitments falling due within next 12 months. Group manages its liquidity risk by centralizing the management of cash reserves, maintaining sufficient cash balances, and utilizing committed credit facilities. F-Secure has a revolving credit facility (RCF) of EUR 20 million that matures in 2028. The revolving credit facility is undrawn at the reporting date. Group Treasury is responsible for monitoring cash balances and cash forecasts to keep liquidity risk at manageable level. We expect the stable and positive cash flow from operations, existing cash balances, and revolving credit facilities to be sufficient to fund our operations and obligations for the next 12 months. Contractual maturities of financial liabilities are presented in Note 20 Financial liabilities.
All Group\u2019s loan agreements include a financial covenant, measured on quarterly basis. The covenant relates to the ratio between net debt and EBITDA, as defined under the terms of the loan agreement. The group closely monitors the covenant situation and will take action if necessary. Group has met covenant terms and conditions during the reporting period. Carrying amount for bank loan at the end of reporting period is EUR 151.3 million (EUR 168.9 million).
The Group operates globally and is exposed to a currency risk arising from exchange rate fluctuations against its reporting currency euro. Transaction risk is related to foreign currency transactions in sales and expenses. Translation risk arises from the Group's net investments outside euro zone.
Transaction risk arises from future commercial transactions and recognized assets and liabilities denominated in a currency that is not the functional currency of the relevant group entity. The majority of sales is invoiced in Euro. The other main currencies for invoicing are US dollar (USD), the Swedish krona (SEK), the pound sterling (GBP) and the Japanese yen (JPY). The currency risk arising from sales invoicing is reduced by operational expenses arising in the same currencies as the sales invoicing. The transaction risk is managed centrally such that the F-Secure operations mainly have transactions in their legal entities\u2019 functional currency and intercompany transactions are carried out in the group entities functional currencies. The main foreign currency risk arises from USD denominated sales invoicing, purchases and intercompany transactions at the F-Secure parent entity level, creating volatility in the financial income and expenses.
Exchange gains were EUR 0.9 million (EUR 0.9 million) and exchange losses EUR -1.2 million (EUR -1.1 million).
| \u00a0 | 2025 | 2024 |
|---|---|---|
Sales in different currencies | % | % |
EUR | 60 | 59 |
USD | 27 | 30 |
JPY | 5 | 5 |
SEK | 5 | 4 |
GBP | 1 | 2 |
Other currencies | 1 | 1 |
Total | 100 | 100 |
The carrying Euro (thousand) amounts of the Group\u2019s financial assets and liabilities at the reporting date are as follows:
Financial assets (EUR 1,000) | 2025 | % | 2024 | % |
|---|---|---|---|---|
EUR | 20,338 | 56 | 19,255 | 49 |
USD | 10,147 | 28 | 12,090 | 30 |
SEK | 2,204 | 6 | 1,544 | 4 |
GBP | 1,289 | 4 | 2,958 | 7 |
JPY | 1,204 | 3 | 2,023 | 5 |
Other currencies | 1,181 | 9 | 1,809 | 5 |
Total | 36,365 | 100 | 39,678 | 100 |
Financial liabilities (EUR 1,000) | 2025 | % | 2024 | % |
|---|---|---|---|---|
EUR | 158,106 | 99 | 173,526 | 98 |
USD | 702 | 0 | 327 | 0 |
MYR | 43 | 0 | 1,356 | 1 |
JPY | 4 | 0 | 1,306 | 1 |
Other currencies | 76 | 0 | 506 | 0 |
Total | 158,931 | 100 | 177,022 | 100 |
Financial liabilities in the above table also include lease liabilities.
The table below demonstrates how sensitive F-Secure\u2019s profit before taxes is to foreign exchange rate fluctuations when all other variables are held constant. The open exposure against USD arising from F-Secure trade receivables and trade payables have an impact on F-Secure\u2019s profit before taxes. The sensitivity calculation is based on a change of 10% in the Euro exchange rate against the functional currencies F-Secure operates in. There were no other material exposures.
EUR million | 2025 | 2024 |
|---|---|---|
USD | -0.6/+0.7 | -1.0/+1.2 |
Translation risk arises from the F-Secure\u2019s net investments in foreign currencies. Translation differences arise from translating balances into euro using exchange rates prevailing on the reporting date. Most significant translation risks arise from goodwill EUR 21.0 million (EUR 23.8 million) and intangible assets EUR 23.9 million (EUR 29.2 million) generated in acquisition of mobile consumer security business unit from Lookout Inc. Main currency is USD. According to current policy, F-Secure does not hedge investments made in its subsidiaries.
Change in foreign exchange translation differences amounted EUR -7.5 million in 2025 (EUR 4.0 million).
The table below demonstrates how sensitive the Group's equity is to foreign exchange rate fluctuations when all other variables are held constant. The sensitivity calculation is based on a change of 10% in the Euro exchange rate against the functional currencies exposing the Group to translation risk. There were no other material exposures.
EUR million | 2025 | 2024 |
|---|---|---|
USD | -6.6/+5.4 | -7.0/+5.7 |
F-Secure is exposed to interest rate arising from interest-bearing liabilities which relate to bank loans. The interest rate of bank loans (Facility A EUR 117 million, NIB EUR 35 million) is tied to variable reference interest rate. F-Secure is regularly evaluating the need for hedging interest rate risk. In the financial year 2025, the company did not hedge against interest rate risk. Apart from bank loans there were no other material exposures. The table below demonstrates the sensitivity of Group's profit before taxes to 1% change in interest rate when all other variables are held constant.
EUR million | 2025 | 2024 |
|---|---|---|
Interest-bearing liabilities, bank loans | -1.7/+1.7 | -1.9/+1.9 |
F-Secure\u2019s shareholders\u2019 equity is managed as capital. The objective of F-Secure\u2019s capital management is to maintain an efficient capital structure that ensures the functioning of business operations and promotes shareholder value. F-Secure\u2019s capital structure is reviewed regularly as a part of financial performance monitoring. The capital structure can be adjusted among other things by distribution of dividends, share repurchase or capital repayment. The dividend policy of F-Secure Corporation is to aim to pay around or above 50 per cent of its net profit as dividend on an annual basis. This can be adjusted as long as leverage is higher than the targeted level (below 2.5x). Subject to circumstances, the F-Secure can deviate from this policy.
", "dimensions": { "concept": "ifrs-full:DisclosureOfFinancialRiskManagementExplanatory", "language": "en", "entity": "scheme:9845006BFDJF0375E466", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "h3-blocktag-i7203": { "value": "F-Secure manages credit risk on group level with Credit risk policy. Credit risk derives from trade receivables. The maximum exposure to credit risk at the reporting date is the carrying value of trade receivables. Trade receivables do not include any major concentrations of credit risk by customer. Group trades only with recognized, creditworthy third parties and monitors customers' creditworthiness. Trade receivables are monitored and collected on an ongoing basis. The top three customers account for 10.4%, 6.4% and 5.8% in 2025 (16.0%, 6.6% and 5.5% in 2024) of trade receivables. See Note 16. Financial assets.
", "dimensions": { "concept": "ifrs-full:DisclosureOfCreditRiskExplanatory", "language": "en", "entity": "scheme:9845006BFDJF0375E466", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "h3-blocktag-i7205": { "value": "Transaction risk arises from future commercial transactions and recognized assets and liabilities denominated in a currency that is not the functional currency of the relevant group entity. The majority of sales is invoiced in Euro. The other main currencies for invoicing are US dollar (USD), the Swedish krona (SEK), the pound sterling (GBP) and the Japanese yen (JPY). The currency risk arising from sales invoicing is reduced by operational expenses arising in the same currencies as the sales invoicing. The transaction risk is managed centrally such that the F-Secure operations mainly have transactions in their legal entities\u2019 functional currency and intercompany transactions are carried out in the group entities functional currencies. The main foreign currency risk arises from USD denominated sales invoicing, purchases and intercompany transactions at the F-Secure parent entity level, creating volatility in the financial income and expenses.
Exchange gains were EUR 0.9 million (EUR 0.9 million) and exchange losses EUR -1.2 million (EUR -1.1 million).
| \u00a0 | 2025 | 2024 |
|---|---|---|
Sales in different currencies | % | % |
EUR | 60 | 59 |
USD | 27 | 30 |
JPY | 5 | 5 |
SEK | 5 | 4 |
GBP | 1 | 2 |
Other currencies | 1 | 1 |
Total | 100 | 100 |
Financial assets (EUR 1,000) | 2025 | % | 2024 | % |
|---|---|---|---|---|
EUR | 20,338 | 56 | 19,255 | 49 |
USD | 10,147 | 28 | 12,090 | 30 |
SEK | 2,204 | 6 | 1,544 | 4 |
GBP | 1,289 | 4 | 2,958 | 7 |
JPY | 1,204 | 3 | 2,023 | 5 |
Other currencies | 1,181 | 9 | 1,809 | 5 |
Total | 36,365 | 100 | 39,678 | 100 |
Financial liabilities (EUR 1,000) | 2025 | % | 2024 | % |
|---|---|---|---|---|
EUR | 158,106 | 99 | 173,526 | 98 |
USD | 702 | 0 | 327 | 0 |
MYR | 43 | 0 | 1,356 | 1 |
JPY | 4 | 0 | 1,306 | 1 |
Other currencies | 76 | 0 | 506 | 0 |
Total | 158,931 | 100 | 177,022 | 100 |
EUR million | 2025 | 2024 |
|---|---|---|
USD | -0.6/+0.7 | -1.0/+1.2 |
Translation risk arises from the F-Secure\u2019s net investments in foreign currencies. Translation differences arise from translating balances into euro using exchange rates prevailing on the reporting date. Most significant translation risks arise from goodwill EUR 21.0 million (EUR 23.8 million) and intangible assets EUR 23.9 million (EUR 29.2 million) generated in acquisition of mobile consumer security business unit from Lookout Inc. Main currency is USD. According to current policy, F-Secure does not hedge investments made in its subsidiaries.
Change in foreign exchange translation differences amounted EUR -7.5 million in 2025 (EUR 4.0 million).
The table below demonstrates how sensitive the Group's equity is to foreign exchange rate fluctuations when all other variables are held constant. The sensitivity calculation is based on a change of 10% in the Euro exchange rate against the functional currencies exposing the Group to translation risk. There were no other material exposures.
EUR million | 2025 | 2024 |
|---|---|---|
USD | -6.6/+5.4 | -7.0/+5.7 |
F-Secure\u2019s shareholders\u2019 equity is managed as capital. The objective of F-Secure\u2019s capital management is to maintain an efficient capital structure that ensures the functioning of business operations and promotes shareholder value. F-Secure\u2019s capital structure is reviewed regularly as a part of financial performance monitoring. The capital structure can be adjusted among other things by distribution of dividends, share repurchase or capital repayment. The dividend policy of F-Secure Corporation is to aim to pay around or above 50 per cent of its net profit as dividend on an annual basis. This can be adjusted as long as leverage is higher than the targeted level (below 2.5x). Subject to circumstances, the F-Secure can deviate from this policy.
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForDividendsExplanatory", "language": "en", "entity": "scheme:9845006BFDJF0375E466", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "h3-blocktag-i7397": { "value": "F-Secure\u2019s shareholders\u2019 equity is managed as capital. The objective of F-Secure\u2019s capital management is to maintain an efficient capital structure that ensures the functioning of business operations and promotes shareholder value. F-Secure\u2019s capital structure is reviewed regularly as a part of financial performance monitoring. The capital structure can be adjusted among other things by distribution of dividends, share repurchase or capital repayment. The dividend policy of F-Secure Corporation is to aim to pay around or above 50 per cent of its net profit as dividend on an annual basis. This can be adjusted as long as leverage is higher than the targeted level (below 2.5x). Subject to circumstances, the F-Secure can deviate from this policy.
", "dimensions": { "concept": "ifrs-full:DisclosureOfObjectivesPoliciesAndProcessesForManagingCapitalExplanatory", "language": "en", "entity": "scheme:9845006BFDJF0375E466", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "section-blocktag-i7511": { "value": "EUR 1,000 | 2025 | 2024 |
|---|---|---|
Deferred tax assets relate to following: | \u00a0 | \u00a0 |
Intangible assets and property, plant and equipment | 1,095 | 1,162 |
Provisions and other liabilities | 619 | 178 |
Tax losses carried forward and unused credits | 141 | \u00a0 |
Other temporary differences | 690 | 640 |
Total | 2,545 | 1,980 |
Offset against deferred tax liabilities | -2,359 | -1,921 |
Net deferred tax assets | 187 | 58 |
| \u00a0 | \u00a0 | \u00a0 |
Change in deferred tax assets: | \u00a0 | \u00a0 |
Recognized in profit or loss | 566 | -561 |
Total, increase (+), decrease (-) | 566 | -561 |
The Group has recognized a total of EUR 141 thousand deferred tax assets related to tax losses carried forward in Spain and Slovakia. The losses arise from non-recurring transactions and timing differences in the tax deductibility of certain expenses. Recognition of the deferred tax assets is based on the Group's assessment that sufficient future taxable profits will be available against which the tax losses can be utilized.
EUR 1,000 | 2025 | 2024 |
|---|---|---|
Deferred tax liabilities relate to the following: | \u00a0 | \u00a0 |
Intangible assets and property, plant and equipment | 7,570 | 4,874 |
Provisions and other liabilities | 438 | 349 |
Other temporary differences | 224 | 283 |
Total | 8,232 | 5,506 |
Offset against deferred tax assets | -2,359 | -1,921 |
Net deferred tax liabilities | 5,873 | 3,584 |
| \u00a0 | \u00a0 | \u00a0 |
Change in deferred tax liabilities: | \u00a0 | \u00a0 |
Recognized in profit or loss | 2,726 | 1,783 |
Total, increase (+), decrease (-) | 2,726 | 1,783 |
The main additions to deferred tax liabilities in 2025 relate to tax-deductible amortization of intangible assets, primarily goodwill and other acquisition-related assets, where tax depreciation exceeds book depreciation. Intangible assets and property, plant and equipment at 31 December 2025 includes deferred tax liabilities of EUR 427 thousand (EUR 451 thousand) from the fair value adjustments of the acquired net assets in the mobile consumer security business of Lookout Inc.
", "dimensions": { "concept": "ifrs-full:DisclosureOfDeferredTaxesExplanatory", "language": "en", "entity": "scheme:9845006BFDJF0375E466", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "section-blocktag-i7512": { "value": "EUR 1,000 | 2025 | 2024 |
|---|---|---|
Deferred tax assets relate to following: | \u00a0 | \u00a0 |
Intangible assets and property, plant and equipment | 1,095 | 1,162 |
Provisions and other liabilities | 619 | 178 |
Tax losses carried forward and unused credits | 141 | \u00a0 |
Other temporary differences | 690 | 640 |
Total | 2,545 | 1,980 |
Offset against deferred tax liabilities | -2,359 | -1,921 |
Net deferred tax assets | 187 | 58 |
| \u00a0 | \u00a0 | \u00a0 |
Change in deferred tax assets: | \u00a0 | \u00a0 |
Recognized in profit or loss | 566 | -561 |
Total, increase (+), decrease (-) | 566 | -561 |
The Group has recognized a total of EUR 141 thousand deferred tax assets related to tax losses carried forward in Spain and Slovakia. The losses arise from non-recurring transactions and timing differences in the tax deductibility of certain expenses. Recognition of the deferred tax assets is based on the Group's assessment that sufficient future taxable profits will be available against which the tax losses can be utilized.
EUR 1,000 | 2025 | 2024 |
|---|---|---|
Deferred tax liabilities relate to the following: | \u00a0 | \u00a0 |
Intangible assets and property, plant and equipment | 7,570 | 4,874 |
Provisions and other liabilities | 438 | 349 |
Other temporary differences | 224 | 283 |
Total | 8,232 | 5,506 |
Offset against deferred tax assets | -2,359 | -1,921 |
Net deferred tax liabilities | 5,873 | 3,584 |
| \u00a0 | \u00a0 | \u00a0 |
Change in deferred tax liabilities: | \u00a0 | \u00a0 |
Recognized in profit or loss | 2,726 | 1,783 |
Total, increase (+), decrease (-) | 2,726 | 1,783 |
The main additions to deferred tax liabilities in 2025 relate to tax-deductible amortization of intangible assets, primarily goodwill and other acquisition-related assets, where tax depreciation exceeds book depreciation. Intangible assets and property, plant and equipment at 31 December 2025 includes deferred tax liabilities of EUR 427 thousand (EUR 451 thousand) from the fair value adjustments of the acquired net assets in the mobile consumer security business of Lookout Inc.
", "dimensions": { "concept": "ifrs-full:DisclosureOfTaxReceivablesAndPayablesExplanatory", "language": "en", "entity": "scheme:9845006BFDJF0375E466", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "section-blocktag-i7620": { "value": "EUR 1,000 | 2025 | 2024 |
|---|---|---|
Non-current liabilities | \u00a0 | \u00a0 |
Deferred revenue | 5,940 | 6,398 |
Other non-current liabilities | 13 | 45 |
Total | 5,953 | 6,443 |
| \u00a0 | \u00a0 | \u00a0 |
Current liabilities | \u00a0 | \u00a0 |
Deferred revenue | 21,068 | 22,079 |
Trade payables | 2,530 | 1,545 |
Provisions | 640 | 1,427 |
Other liabilities | 1,917 | 2,135 |
Accrued expenses | 10,273 | 10,462 |
Income tax liabilities | 435 | 387 |
Total | 36,863 | 38,035 |
| \u00a0 | \u00a0 | \u00a0 |
Material amounts shown under accrued expenses | \u00a0 | \u00a0 |
Accrued personnel expenses | 5,915 | 7,937 |
Other accrued expenses | 4,358 | 2,525 |
Total | 10,273 | 10,462 |
Other liabilities under Current liabilities consist mainly of personnel and VAT related accruals.
EUR 1,000 | 2025 | 2024 |
|---|---|---|
Book value as at 1.1. | 1,427 | 1,739 |
Increases during the year | 640 | 1,427 |
Used during the year | -1,427 | -1,739 |
Book value as at 31.12. | 640 | 1,427 |
Management has recognized a provision of EUR 425 thousand related to legal expenses and EUR 215 thousand (EUR 1,427 thousand) related to restructuring.
", "dimensions": { "concept": "ifrs-full:DisclosureOfOtherCurrentLiabilitiesExplanatory", "language": "en", "entity": "scheme:9845006BFDJF0375E466", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "section-blocktag-i7621": { "value": "EUR 1,000 | 2025 | 2024 |
|---|---|---|
Non-current liabilities | \u00a0 | \u00a0 |
Deferred revenue | 5,940 | 6,398 |
Other non-current liabilities | 13 | 45 |
Total | 5,953 | 6,443 |
| \u00a0 | \u00a0 | \u00a0 |
Current liabilities | \u00a0 | \u00a0 |
Deferred revenue | 21,068 | 22,079 |
Trade payables | 2,530 | 1,545 |
Provisions | 640 | 1,427 |
Other liabilities | 1,917 | 2,135 |
Accrued expenses | 10,273 | 10,462 |
Income tax liabilities | 435 | 387 |
Total | 36,863 | 38,035 |
| \u00a0 | \u00a0 | \u00a0 |
Material amounts shown under accrued expenses | \u00a0 | \u00a0 |
Accrued personnel expenses | 5,915 | 7,937 |
Other accrued expenses | 4,358 | 2,525 |
Total | 10,273 | 10,462 |
Other liabilities under Current liabilities consist mainly of personnel and VAT related accruals.
EUR 1,000 | 2025 | 2024 |
|---|---|---|
Book value as at 1.1. | 1,427 | 1,739 |
Increases during the year | 640 | 1,427 |
Used during the year | -1,427 | -1,739 |
Book value as at 31.12. | 640 | 1,427 |
Management has recognized a provision of EUR 425 thousand related to legal expenses and EUR 215 thousand (EUR 1,427 thousand) related to restructuring.
", "dimensions": { "concept": "ifrs-full:DisclosureOfOtherLiabilitiesExplanatory", "language": "en", "entity": "scheme:9845006BFDJF0375E466", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "section-blocktag-i7622": { "value": "EUR 1,000 | 2025 | 2024 |
|---|---|---|
Non-current liabilities | \u00a0 | \u00a0 |
Deferred revenue | 5,940 | 6,398 |
Other non-current liabilities | 13 | 45 |
Total | 5,953 | 6,443 |
| \u00a0 | \u00a0 | \u00a0 |
Current liabilities | \u00a0 | \u00a0 |
Deferred revenue | 21,068 | 22,079 |
Trade payables | 2,530 | 1,545 |
Provisions | 640 | 1,427 |
Other liabilities | 1,917 | 2,135 |
Accrued expenses | 10,273 | 10,462 |
Income tax liabilities | 435 | 387 |
Total | 36,863 | 38,035 |
| \u00a0 | \u00a0 | \u00a0 |
Material amounts shown under accrued expenses | \u00a0 | \u00a0 |
Accrued personnel expenses | 5,915 | 7,937 |
Other accrued expenses | 4,358 | 2,525 |
Total | 10,273 | 10,462 |
Other liabilities under Current liabilities consist mainly of personnel and VAT related accruals.
EUR 1,000 | 2025 | 2024 |
|---|---|---|
Book value as at 1.1. | 1,427 | 1,739 |
Increases during the year | 640 | 1,427 |
Used during the year | -1,427 | -1,739 |
Book value as at 31.12. | 640 | 1,427 |
Management has recognized a provision of EUR 425 thousand related to legal expenses and EUR 215 thousand (EUR 1,427 thousand) related to restructuring.
", "dimensions": { "concept": "ifrs-full:DisclosureOfOtherNoncurrentLiabilitiesExplanatory", "language": "en", "entity": "scheme:9845006BFDJF0375E466", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "section-blocktag-i7623": { "value": "EUR 1,000 | 2025 | 2024 |
|---|---|---|
Non-current liabilities | \u00a0 | \u00a0 |
Deferred revenue | 5,940 | 6,398 |
Other non-current liabilities | 13 | 45 |
Total | 5,953 | 6,443 |
| \u00a0 | \u00a0 | \u00a0 |
Current liabilities | \u00a0 | \u00a0 |
Deferred revenue | 21,068 | 22,079 |
Trade payables | 2,530 | 1,545 |
Provisions | 640 | 1,427 |
Other liabilities | 1,917 | 2,135 |
Accrued expenses | 10,273 | 10,462 |
Income tax liabilities | 435 | 387 |
Total | 36,863 | 38,035 |
| \u00a0 | \u00a0 | \u00a0 |
Material amounts shown under accrued expenses | \u00a0 | \u00a0 |
Accrued personnel expenses | 5,915 | 7,937 |
Other accrued expenses | 4,358 | 2,525 |
Total | 10,273 | 10,462 |
Other liabilities under Current liabilities consist mainly of personnel and VAT related accruals.
EUR 1,000 | 2025 | 2024 |
|---|---|---|
Book value as at 1.1. | 1,427 | 1,739 |
Increases during the year | 640 | 1,427 |
Used during the year | -1,427 | -1,739 |
Book value as at 31.12. | 640 | 1,427 |
Management has recognized a provision of EUR 425 thousand related to legal expenses and EUR 215 thousand (EUR 1,427 thousand) related to restructuring.
", "dimensions": { "concept": "ifrs-full:DisclosureOfTradeAndOtherPayablesExplanatory", "language": "en", "entity": "scheme:9845006BFDJF0375E466", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "table-blocktag-i7593": { "value": "EUR 1,000 | 2025 | 2024 |
|---|---|---|
Non-current liabilities | \u00a0 | \u00a0 |
Deferred revenue | 5,940 | 6,398 |
Other non-current liabilities | 13 | 45 |
Total | 5,953 | 6,443 |
| \u00a0 | \u00a0 | \u00a0 |
Current liabilities | \u00a0 | \u00a0 |
Deferred revenue | 21,068 | 22,079 |
Trade payables | 2,530 | 1,545 |
Provisions | 640 | 1,427 |
Other liabilities | 1,917 | 2,135 |
Accrued expenses | 10,273 | 10,462 |
Income tax liabilities | 435 | 387 |
Total | 36,863 | 38,035 |
| \u00a0 | \u00a0 | \u00a0 |
Material amounts shown under accrued expenses | \u00a0 | \u00a0 |
Accrued personnel expenses | 5,915 | 7,937 |
Other accrued expenses | 4,358 | 2,525 |
Total | 10,273 | 10,462 |
EUR 1,000 | 2025 | 2024 |
|---|---|---|
Book value as at 1.1. | 1,427 | 1,739 |
Increases during the year | 640 | 1,427 |
Used during the year | -1,427 | -1,739 |
Book value as at 31.12. | 640 | 1,427 |
The Group\u2019s related parties include members of the Board, CEO and other members of the Leadership Team, their family members and organizations in which these individuals have direct or indirect control or significant influence.
EUR 1,000 | 2025 | 2024 |
|---|---|---|
Wages and other short-term employee benefits | 2,306 | 1,897 |
Pensions | 317 | 211 |
Total | 2,623 | 2,108 |
EUR 1,000 | 2025 | 2024 |
|---|---|---|
CEO and President | 472 | 334 |
Leadership Team | 1,835 | 1,564 |
Members of the Boards of Directors | 320 | 267 |
Total | 2,626 | 2,164 |
EUR 1,000 | Wages | Fees |
|---|---|---|
Timo Laaksonen, CEO and President | 472 | \u00a0 |
Pertti Ervi, Chair of the Board | \u00a0 | 90 |
Petra Ter\u00e4saho | \u00a0 | 48 |
Tommi Uitto | \u00a0 | 38 |
Roxana Diaconescu | \u00a0 | 43 |
Cornelia Schaurecker | \u00a0 | 43 |
Alessandro Adriani | \u00a0 | 43 |
Thomas Jul | \u00a0 | 2 |
Rachit Mittal | \u00a0 | 13 |
Total | 472 | 320 |
The CEO\u2019s retirement age and the determination of his pension conform to the standard rules specified by Finland\u2019s Employee Pension Act (TYEL). The pension cost of the CEO during the financial period was EUR 82 thousand (EUR 58 thousand). The period of notice for the CEO is six (6) months both ways and CEO is entitled to severance payment equivalent of six (6) months\u2019 salary.
", "dimensions": { "concept": "ifrs-full:DisclosureOfInformationAboutKeyManagementPersonnelExplanatory", "language": "en", "entity": "scheme:9845006BFDJF0375E466", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "section-blocktag-i7719": { "value": "The Group\u2019s related parties include members of the Board, CEO and other members of the Leadership Team, their family members and organizations in which these individuals have direct or indirect control or significant influence.
EUR 1,000 | 2025 | 2024 |
|---|---|---|
Wages and other short-term employee benefits | 2,306 | 1,897 |
Pensions | 317 | 211 |
Total | 2,623 | 2,108 |
EUR 1,000 | 2025 | 2024 |
|---|---|---|
CEO and President | 472 | 334 |
Leadership Team | 1,835 | 1,564 |
Members of the Boards of Directors | 320 | 267 |
Total | 2,626 | 2,164 |
EUR 1,000 | Wages | Fees |
|---|---|---|
Timo Laaksonen, CEO and President | 472 | \u00a0 |
Pertti Ervi, Chair of the Board | \u00a0 | 90 |
Petra Ter\u00e4saho | \u00a0 | 48 |
Tommi Uitto | \u00a0 | 38 |
Roxana Diaconescu | \u00a0 | 43 |
Cornelia Schaurecker | \u00a0 | 43 |
Alessandro Adriani | \u00a0 | 43 |
Thomas Jul | \u00a0 | 2 |
Rachit Mittal | \u00a0 | 13 |
Total | 472 | 320 |
The CEO\u2019s retirement age and the determination of his pension conform to the standard rules specified by Finland\u2019s Employee Pension Act (TYEL). The pension cost of the CEO during the financial period was EUR 82 thousand (EUR 58 thousand). The period of notice for the CEO is six (6) months both ways and CEO is entitled to severance payment equivalent of six (6) months\u2019 salary.
", "dimensions": { "concept": "ifrs-full:DisclosureOfRelatedPartyExplanatory", "language": "en", "entity": "scheme:9845006BFDJF0375E466", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "p-blocktag-i7624": { "value": "The Group\u2019s related parties include members of the Board, CEO and other members of the Leadership Team, their family members and organizations in which these individuals have direct or indirect control or significant influence.
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForTransactionsWithRelatedPartiesExplanatory", "language": "en", "entity": "scheme:9845006BFDJF0375E466", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "table-blocktag-i7645": { "value": "EUR 1,000 | 2025 | 2024 |
|---|---|---|
Wages and other short-term employee benefits | 2,306 | 1,897 |
Pensions | 317 | 211 |
Total | 2,623 | 2,108 |
Name | Country | Group (%) |
|---|---|---|
Parent F-Secure Corporation, Helsinki | Finland | \u00a0 |
F-Secure Data Oy, Helsinki | Finland | 100 |
F-Secure Data Oy, Norwegian branch | Norway | 100 |
F-Secure Data Oy, Danish branch | Denmark | 100 |
F-Secure Inc., Palo Alto | United States | 100 |
F-Secure (UK) Ltd, Buckinghamshire | United Kingdom | 100 |
F-Secure KK, Tokyo | Japan | 100 |
F-Secure GmbH, Munich | Germany | 100 |
F-Secure SAS, Paris | France | 100 |
F-Secure AB, Stockholm | Sweden | 100 |
F-Secure Srl in liquidation, Milan | Italy | 100 |
F-Secure Poland SP z.o.o., Poznan | Poland | 100 |
F-Secure Sdn Bhd, Kuala Lumpur | Malaysia | 100 |
F-Secure Pvt Ltd, Mumbai | India | 100 |
F-Secure B.V., Hilversum | The Netherlands | 100 |
F-Secure Iberia SL, Madrid | Spain | 100 |
F-Secure s.r.o., Bratislava | Slovakia | 100 |
Name | Country | Group (%) |
|---|---|---|
Parent F-Secure Corporation, Helsinki | Finland | \u00a0 |
F-Secure Data Oy, Helsinki | Finland | 100 |
F-Secure Data Oy, Norwegian branch | Norway | 100 |
F-Secure Data Oy, Danish branch | Denmark | 100 |
F-Secure Inc., Palo Alto | United States | 100 |
F-Secure (UK) Ltd, Buckinghamshire | United Kingdom | 100 |
F-Secure KK, Tokyo | Japan | 100 |
F-Secure GmbH, Munich | Germany | 100 |
F-Secure SAS, Paris | France | 100 |
F-Secure AB, Stockholm | Sweden | 100 |
F-Secure Srl in liquidation, Milan | Italy | 100 |
F-Secure Poland SP z.o.o., Poznan | Poland | 100 |
F-Secure Sdn Bhd, Kuala Lumpur | Malaysia | 100 |
F-Secure Pvt Ltd, Mumbai | India | 100 |
F-Secure B.V., Hilversum | The Netherlands | 100 |
F-Secure Iberia SL, Madrid | Spain | 100 |
F-Secure s.r.o., Bratislava | Slovakia | 100 |
Name | Country | Group (%) |
|---|---|---|
Parent F-Secure Corporation, Helsinki | Finland | \u00a0 |
F-Secure Data Oy, Helsinki | Finland | 100 |
F-Secure Data Oy, Norwegian branch | Norway | 100 |
F-Secure Data Oy, Danish branch | Denmark | 100 |
F-Secure Inc., Palo Alto | United States | 100 |
F-Secure (UK) Ltd, Buckinghamshire | United Kingdom | 100 |
F-Secure KK, Tokyo | Japan | 100 |
F-Secure GmbH, Munich | Germany | 100 |
F-Secure SAS, Paris | France | 100 |
F-Secure AB, Stockholm | Sweden | 100 |
F-Secure Srl in liquidation, Milan | Italy | 100 |
F-Secure Poland SP z.o.o., Poznan | Poland | 100 |
F-Secure Sdn Bhd, Kuala Lumpur | Malaysia | 100 |
F-Secure Pvt Ltd, Mumbai | India | 100 |
F-Secure B.V., Hilversum | The Netherlands | 100 |
F-Secure Iberia SL, Madrid | Spain | 100 |
F-Secure s.r.o., Bratislava | Slovakia | 100 |
After the review period, on 13 January 2026, company announced the appointment of a new Chief Strategy Officer (CSO). F-Secure's SVP, Corporate Development and a member of the Leadership Team, Antero Norkio, will leave the Company on 30 January 2026. Jyrki Tulokas was appointed CSO and a member of the Leadership Team of F-Secure Corporation, effective 2 February 2026.
On 4 February 2026, F-Secure Board\u2019s Personnel and Nomination Committee gave proposals to the Annual General Meeting scheduled for 25 March 2026 for the composition and remuneration of the Board of Directors. The Board\u2019s Personnel and Nomination Committee proposes to that the Board of Directors consists of a total of seven (7) members and that the following persons be elected as members of the Board of Directors for a term expiring at the end of the Annual General Meeting 2027: Alessandro Adriani, Roxana Diaconescu, Pertti Ervi, Cornelia Schaurecker, Petra Ter\u00e4saho, Tommi Uitto are proposed to be re-elected as members. As F-Secure personnel member to-be-elected, the Personnel and Nomination Committee proposes Wilhelm Lamptey.
The Personnel and Nomination Committee proposes to the Annual General Meeting that the following annual remuneration be paid to the members of Board of Directors to be elected at the Annual General Meeting: EUR 80,000 annually for the Chair of the Board of Directors; EUR 38,000 annually for the external members of the Board of Directors; EUR 12,667 for members employed by F-Secure; EUR 10,000 additional remuneration for the Audit Committee Chair; EUR 4,000 additional remuneration for the Personnel and Nomination Committee Chair; EUR 2,000 additional remuneration for the members of Audit Committee as well as Personnel and Nomination Committee. The proposed annual fee and the fees for Committee work correspond to the current remuneration. In addition, The Personnel and Nomination Committee proposes that approximately 40 percent of the remuneration be paid as shares in the company repurchased from the market or as treasury shares held by the company.
", "dimensions": { "concept": "ifrs-full:DisclosureOfEventsAfterReportingPeriodExplanatory", "language": "en", "entity": "scheme:9845006BFDJF0375E466", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } } } }